Two of the most popular figures in the crypto industry claim to have amassed a multi-billion-dollar BTC fortune.
In a highly-anticipated meeting with Barstool Sports founder and day trader Dave Portnoy, Tyler and Cameron Winklevoss confirm that they own 1% of all Bitcoin in existence, which is equivalent to 184,610 BTC. At BTC’s current price of $11,939, the Bitcoin holdings of the Gemini founders amount to over $2.2 billion.
— Dave Portnoy (@stoolpresidente) August 13, 2020
According to CNBC, the Winklevoss twins bought their huge BTC stack back in 2013 for $11 million. Their investment has grown by almost 20,000% in seven years.
Dave Portnoy, who is a highly-influential day trader with over 1.7 million Twitter followers, started showing interest in the king crypto earlier this month. The Winklevoss brothers took the opportunity to convince the Barstool Sports founder to put more money in Bitcoin.
“We think of Bitcoin like internet gold. So the same qualities that make gold valuable, the fact that is scarce, Bitcoin is actually fixed in value but it’s digital. It lives on the internet. If you think of why gold is interesting, Bitcoin is gold for the internet.”
The pitch appears to have worked as Portnoy poured $200,000 into the world’s largest cryptocurrency by market cap. He also bought $50,000 worth of ChainLink (LINK) tokens, the fifth-largest crypto.
When asked if Portnoy’s most recent BTC investment would be his last, the day trader says he’s not closing the door on Bitcoin unless it “tanks.”
In a new tweet, Portnoy appears to be showing his euphoria in his crypto investment after BTC briefly soared above $12,000.
“That’s what we do! To the moon and then harvest it for Bitcoin!”