A billionaire and famous Bitcoin investor, Tyler Winklevoss, recently gained the attention of everyone in the crypto community as he bought the most costly ticket to outer space in the world. Winklevoss is famous for being the co-founder of Gemini, a crypto asset exchange platform.
As reported by Luno on February 24, a digital currency platform, this purchase took place in January 2014. At the time of purchase, the ticket that he bought, which was a passenger-carrying spaceship by Virgin Galactic, cost the billionaire 321 BTC coins, which is currently equivalent to more than 3 million USD, however, at that moment this amount of Bitcoins was equal to 250,000 USD. This means that since the initial purchase the price of the crypto giant’s investment had increased by more than 1,100 percent.
Virgin Galactic is a spaceflight firm which was established in 2004 and also a part of the Virgin Group conglomerate. Paying this much for the ticket to the company, Winklevoss afterward compared this to the first purchase ever made with Bitcoin which was a pizza. This transaction took place a decade ago in May 2010 and it was so significant to the crypto community that the day was announced as the Bitcoin Pizza Day. The two pizzas cost 10,000 BTC coins at the time, which currently would be 97 million USD.
This year has been incredible for the value of Bitcoin and considering previous data the Bitcoin price will keep rising for at least the next 18 months. The average price of Bitcoin has been over 9,000 USD this year, which is even more than in 2017 when the coin reached its current highest price. As the halving that is supposed to take place in May approaches people in the industry have increasingly bullish predictions for the price of the first crypto asset.