By: WTB BLOGGER
The Winklevoss twins, famously known for suing Mark Zuckerberg after claiming he stole their idea for Facebook, are now Bitcoin billionaires, according to a few reports. Cameron and Tyler Winklevoss won $65 million from the Facebook lawsuit, and invested $11 million of their payout into Bitcoin in 2013. Their slice of the Bitcoin pie is now worth over $1 billion after Bitcoin surged past $15,000 last week to now trade at $19,500, according to CoinDesk. The cryptocurrency has surged over 10,000 percent since the Winklevoss’ investment, when one coin traded at around $120.
The Winklevoss twins own one of the largest portfolios of Bitcoin in the world and recent surges in the digital currency’s value have put the value of that portfolio at over $1 billion. That’s an impressive return on an $11 million investment just four years ago. The brothers have reportedly not sold a single one of their Bitcoins, sitting on them and watching them accrue value.
The twins have bigger designs on Bitcoin than just accruing wealth in their holdings. Earlier this year, they attempted to create an ETF for Bitcoin, but fell short after the U.S. Securities and Exchange Commission rejected the application, citing the possibility of fraud. Had they been successful, it would have opened the door to institutional investing in the currency.
While the Winklevoss twins certainly have reason to celebrate the milestone, they’re still ways away from joining their enemy Mark Zuckerberg. Forbes puts Zuckerberg value at $71 billion.
8 comments
Hello – I must say, I’m impressed with your site. I had no trouble navigating through all the tabs and information was very easy to access. I found what I wanted in no time at all. Pretty awesome. Would appreciate it if you add forums or something, it would be a perfect way for your clients to interact. Great job
I am just commenting to let you know of the perfect experience my wife’s princess encountered studying your web site. She picked up numerous details, most notably what it’s like to have an ideal helping character to have many more very easily gain knowledge of selected advanced subject matter. You undoubtedly exceeded our own expectations. Thanks for offering such effective, healthy, explanatory and in addition fun thoughts on this topic to Gloria.
Spot on with this write-up, I must say i believe this excellent website needs much more consideration. I’ll probably be once again to learn a great deal more, many thanks that information.
I’d should talk to you here. Which is not some thing I do! I quite like reading a post which will make people believe. Also, many thanks permitting me to comment!
Wow! This can be one particular of the most useful blogs We have ever arrive across on this subject. Actually Great. I’m also an expert in this topic so I can understand your hard work.
This could be the right blog for everyone who is desires to be familiar with this topic. You already know much its practically not easy to argue along (not that I just would want…HaHa). You certainly put the latest spin with a topic thats been discussing for decades. Excellent stuff, just great!
Very well written information. It will be valuable to anyone who employess it, including me. Keep doing what you are doing – for sure i will check out more posts.
The next time I just read a weblog, I really hope which it doesnt disappoint me up to this one. Get real, Yes, it was my choice to read, but I personally thought youd have something interesting to convey. All I hear can be a handful of whining about something you could fix in the event you werent too busy trying to find attention.