Can bitcoin make you a billionaire?

Buying Bitcoin early and often has minted many a millionaire; those who really splurged became billionaires. The Winklevoss twins' big bet on Bitcoin has made them into billionaires. The twin brothers and former Olympic rowers who sued Facebook turned their $65 million settlement into personal fortunes of $3 billion each.

Did 50 Cent make a fortune with Bitcoin?

Here are five stories about bitcoin fortunes that came as a surprise. And they weren't always pleasant surprises. In 2014, rapper 50 Cent released an album called Animal Ambition and gave fans the opportunity to buy it from his website with bitcoin. He earned 700 bitcoins from the sales — and then completely forgot about them.

How much is bitcoin worth?

In 2014, the Silicon Valley venture capitalist bought $18.7 million worth of Bitcoin that had been confiscated by U.S. Marshals from the shuttered Silk Road black market. Those coins are now worth $1.5 billion. The demand for companies that facilitate virtual currency transactions has made some founders into billionaires.

What happened to bitcoin?

But this tumble accelerated on Monday: Bitcoin, the king of cryptocurrencies thus is trading to its lowest levels for 18 months around $22,000, compared to $ 69,000 last November. The cryptocurrency market has lost over $2.1 trillion since its November highs, according to data firm CoinGecko.