More than six years ago, at the Massachusetts Institute of Technology (MIT), several scholars distributed $100 in Bitcoin to 3,100 students. According to the testimony of several participants who held leading crypto assets since then, these students made 13,000% of the profits.

Complete 13,000% of MIT graduates: “Most of us think this is a joke”

For a long time, MIT has been experimenting with and supporting Bitcoin (BTC), the leading crypto asset by market capitalization. In 2014, two computer science students Dan Elitzer and Jeremy Rubin distributed BTC worth $100 to thousands of MIT undergraduates. After Rubin and Elitzer left MIT, they continued to work in the cryptocurrency field. On Friday, some students who had held BTC for more than six years explained that they had seen significant gains.

A student named Mary Spanjers told Bloomberg that she still owns the BTC and hides it. Spanjers said that before the market crash in May, $100 worth of BTC could bring her about $20,000 or about 13,000% of profits. At first, Spanjers said that many students thought it was just a joke. “It’s really amazing,” Spanjers elaborated in the interview. “Most of us think this is a joke.”

As an MBA student who initiated the free bitcoin program, Elitzer also founded the school’s bitcoin club, but he and Rubin did not know how many people held or sold bitcoin. However, if every MIT student keeps digital assets, they will make a total net profit of approximately $60 million. Erick Pinos, a student working for a crypto company called Ontology, eventually sold his free bitcoins. However, today, Pinos said that he will keep all funds in the crypto economy and further emphasized:

I am about cryptocurrency.

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Sell ​​an unknown number of former MIT students

A former MIT student created an app called Fireflies, Sam Udotong, and eventually sold digital assets. “If I keep holding Bitcoin, the price per delivery will be closer to 300 to 400 US dollars,” Udotong commented. The former MIT student Marilyn Bach eventually kept her cryptocurrency and said: “Sometimes if my friend or colleague talks about cryptocurrency, I will say,’Oh yes, this is what I have.’”

Selam Gano, a robotics engineer at Pendar Technologies, said that when the value of her BTC tripled, she sold her BTC for $300 worth of food. “This is free money, and I have no regrets,” Gano said in an interview. “I got a degree from the Massachusetts Institute of Technology, which is the most important thing for me,” Garno added.

Two years later, an article published in the “Boston Globe” pointed out that after the Bitcoin experiment, only “14%” were still “actively using it.” A few years later, when the MIT Bitcoin Club was established and distributed Bitcoin, MIT COOP (a store for the public, students, and faculty) no longer accepted BTC for purchase. A few years later, the Liberty Teller brand Bitcoin ATM located in COOP was also removed from the building.

What do you think of MIT students who keep Bitcoin and those who sell assets shortly after getting free coins? Please tell us your thoughts on this topic in the comments section below.

Tags in this story

Bitcoin (BTC), Bitcoin Club, BTC, Crypto, Dan Elitzer, Free Bitcoin, Jeremy Rubin, MIT, MIT, MIT Bitcoin, MIT student, student

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