Coinbase investor Fred Wilson said bitcoin could be a 'fantasy' when he first invested in 2013. His …

Union Square Ventures co-founder Fred Wilson. Noam Galai/Getty Images for TechCrunch 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. Sign up here for our daily newsletter, 10 Things Before the Opening Bell. Union Square Ventures co-founder Fred Wilson once described bitcoin as science fiction – then invested $2.5 million in Coinbase Global. Eight years after, the legendary venture capitalist became the company’s most profitable exit investor.While Coinbase, the largest cryptocurrency exchange in the US, had a volatile first trading day when it listed on the Nasdaq in April, it boasted a valuation on a fully diluted basis of about $86 billion by the end of the day.The direct listing opened at $381 per share before hitting an intraday high of $429.54, which was 13% above its opening price. The stock then reversed course and traded as low as $310. By the end of the first day, the stake of Wilson’s venture capital firm skyrocketed 10-fold to $4.6 billion…
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