Winklevoss’ Ticket To Space Eventually Turns Out To Be An Expensive One

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Steve Anderrson
Steve Anderson is an Australian crypto enthusiast. He is a specialist in management and trading for over 5 years. Steve has worked as a crypto trader, he loves learning about decentralisation, understanding the true potential of the blockchain. Join the official channel of thecoinrepublic, For the latest news updates: https://t.me/thecoinrepublic
  • Tyler Winklevoss acquired an expensive ticket for an exclusive space journey.
  • Winklevoss had bought the ticket from the company, way back in 2014, for 312.5 BTC which approximately amounted to $250,000 during that period.
  • Winklevoss referred to the present incident as his “Bitcoin Pizza Moment,” referring to an earlier phenomenon that took place in 2010

According to a recent report, investor and founder of the crypto-platform Gemini, Tyler Winklevoss acquired an expensive ticket for an exclusive space journey.

The ticket was bought to travel in a passenger-carrying spaceship provided by Virgin Galactic, a company known to have provided such services to Billionaires in early instances.

However, Tyler Winklevoss had bought the ticket from the company, way back in 2014, for 312.5 BTC which approximately amounted to $250,000 during that period. The Virgin Galactic is a subsidiary branch of the popular British Business venture capital Virgin Group.

A reference to past

The Present Net Value of the previously mentioned investment in the space venture of 312.5 BTC is around $3 Million, an increment estimated to be around 1,174%.

Winklevoss referred to the present incident as his “Bitcoin Pizza Moment,” referring to an earlier phenomenon that took place in 2010, the first-ever Bitcoin transaction with respect to physical goods.

During 2010, the prominent programmer Laszlo Hanyecz bought two pizzas on a talk event regarding Bitcoin for 10,000 BTC a value, when converted to dollars, extends approximately up to $97 Million at the present time.

The programmer offered the said amount of coins to the users of the BitcoinTalk platform in exchange for two pizzas, and that’s all!! A lucky teenager, who participated in the event, named Jeremy Sturdivant, accepted the offer and brought the entrepreneur two pizzas from the famous pizza retailer Papa John’s in exchange for the Bitcoin.

The expected forward trend

Statistical reports suggest that the value of the Bitcoin has reached its highest ends in 2020, and further research-based data estimations suggest that the same trend shall be continued for a period of 19 months from now, after which depends upon the market stability.

According to MedX Protocol co-founder James Todaro’s calculations, the average for the BTC/USD pair is $9,120 for the year 2020. The same is accounted to be the highest when compared to the 2017 values when the pairing reached its current all-time high of $20,000. The volume-weighted average was $6,125 for that particular year.

He also added that, if its initial investors held the Bitcoin, they would have profited from the same in Dollars having regard to the present market condition of the respective sector. Most of the Industry Giants are keen to know the impact on the BTC price levels after the Bitcoin halving set for May 2020.

The seminal cryptocurrency will likely breach the $20,000 benchmark in 2020 based on the estimations made by the founder of digital assets merchant bank Galaxy Digital, Mike Novogratz.

Adding on to such predictions, it was commented by Binance CEO, Changpeng Zhao that it is evident that the Bitcoin sector might see higher points before the halving event.

Similar trends are also forecasted by those who envision a bullish scenario due to the decrease in the supply of coins. Meanwhile, Bitcoin is trading around $9,800 at press time, reporting mild losses of around 0.54% over the past day.

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