4min chapter

Acquired cover image

Bitcoin

Acquired

CHAPTER

Taking the Money in Facebook Stock - You Don't Want the Money in Cash

A group of rowers who participated in the twenty twelve olympics decided to put all their cash into face book stock. They got three hundred million dollars, which would have been like the whole market cap of bit coin itself at the time. The pair then started an exchange called gemini that was certified by regulators for institutions. After mount gox and silk road went down the tubes, bik coin is now worth more than $1 billion.

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