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When did the Winklevoss twins start buying bitcoin?

When they began buying Bitcoin in late 2012, the price of an individual coin was below $10. Few people in Silicon Valley or on Wall Street had publicly expressed interest in the virtual currency. The Winklevoss twins sit in on a daily meeting at Gemini in New York City.

How much did the twins get paid?

They settled in 2008 for $65m — half of which they took as Facebook stock. The identical twins ploughed their proceeds into the cryptocurrency market and aspire to create the world’s first bitcoin exchange traded fund, undaunted by knock-backs from the Securities and Exchange Commission.

Does the Motley Fool recommend bitcoin?

The Motley Fool owns and recommends Bitcoin and Meta Platforms, Inc. The Motley Fool has a disclosure policy . It's been almost 10 years since the Winklevoss twins committed to cryptocurrency. Since then, they've founded a crypto exchange and built over $6 billion worth of Bitcoin.

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Risk warning: Digital asset trading is an emerging industry with bright prospects, but it also comes with huge risks as it is a new market. The risk is especially high in leveraged trading since leverage magnifies profits and amplifies risks at the same time. Please make sure you have a thorough understanding of the industry, the leveraged trading models, and the rules of trading before opening a position. Additionally, we strongly recommend that you identify your risk tolerance and only accept the risks you are willing to take. All trading involves risks, so you must be cautious when entering the market.

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