Six years ago, at the Massachusetts Institute of Technology (MIT), some scholars distributed $100 in bitcoin to 3,100 students. According to the testimony of some participants who have held leading crypto assets since then, the students netted 13,000% in profits.
MIT grad who made 13,000%: ‘Most of us thought it was a joke’
For a very long time, MIT has been using and supporting bitcoin (B T c), the leading crypto asset in terms of market capitalization. In 2014, two computer science students Dan Elitzer and Jeremy Rubin distributed $100 worth of distributed B T c For thousands of MIT graduates. After Rubin and Elitzer left MIT, he continued to work in the crypto space. Some students staged a sit-in on Friday B T c Explained for more than six years that he saw significant gains.
One particular student, Mary Spangers, told Bloomberg she still has B T c and held it down. Spangers said that the value of $100 B T c That was before May’s market drop could have brought him around $20,000 or a nearly 13,000% gain. At first, Spanger said that many students thought it was just a joke. “It’s really remarkable,” Spanger explained during his interview. “Most of us thought it was a joke.”
Elitzer, an MBA student who started the free bitcoin initiative, also founded the school’s bitcoin club, but he and Rubin don’t know how many held or sold it. B T c. However, if each MIT student owns digital assets, they could earn a total of about $60 million. Eric Pinos, a student who works for a crypto firm called Ontology, sold his free bitcoins. Today, however, Pinos stated that he keeps all his money in the crypto economy and further emphasizes:
I am all about cryptocurrencies.
An unknown number of former MIT students were sold
An MIT alumnus who created an application called Fireflies, Sam Udotong, eventually sold the digital asset. “If I were to hold onto that bitcoin, it would be like $300 to $400 per delivery,” commented Udotong. MIT alumnus Marilyn Bach holds her crypto saying “Sometimes if my friends or colleagues talk about cryptocurrency, I’m like, ‘Oh yeah, that’s what I have.'”
Salem Gano, a robotics engineer at Pendar Technologies, said he sold his B T c For $300 worth of food when it increased 3 times in value. “It was free money, I have no regrets,” Gano said during his interview. “I got an MIT degree, which is the most important thing to me,” Gano said.
Two years later, a Article Published in the Boston Globe it noted that after the bitcoin experiment, only “14%” were still “actively using it.” When the MIT Bitcoin Club started and distributed bitcoin a few years later, MIT Coop, a store for the public, stopped accepting students and faculty. B T c for purchase. The Liberty Teller brand bitcoin ATM located inside the coop was also removed from the building a few years later.
What do you think about MIT students who kept their bitcoins and sold assets after getting free coins? Let us know what you think about this topic in the comment section below.
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