Coinbase investor Fred Wilson said bitcoin could be a ‘fantasy’ when he first invested in 2013. His firm’s stake is now worth a whopping $4.6 billion, or 1,840 times its initial investment
Fred Wilson once described bitcoin as science fiction – then invested $2.5 million in Coinbase. Eight years after, Wilson became the company’s most profitable exit, selling the equivalent of $1.8 billion, Bloomberg reported. Wilson, a legendary venture capitalist, was one of the early investors in Twitter, Tumblr, Zynga, and Etsy.