Winklevoss Twins Becomes The World’s First Bitcoin Billionaires: And Here is How!
Winklevoss who sued Mark Zuckerberg for stealing their idea for Facebook has revealed how they got rich on Bitcoin in a world first. Winklevoss twins become world’s first Bitcoin billionaires.
Tyler and Cameron the two popular twins who immensely prosecuted Zuckerberg for stealing their idea for Facebook.
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They have just become the world’s first bitcoin billionaires, say media reports.
However, the twin brother lost their case against Zuckerberg, they received a settlement amount of US$65 million.
They decided to use US$11 million of it to invest in bitcoin back in 2013.
Since then, the value has increased by a value of 10,000 percent.They reportedly described the cryptocurrency as “better than gold”.
Winklevoss twins become world’s first Bitcoin billionaires.
“We see Bitcoin as potentially the greatest social network of all,” said Tyler in 2016. According to the Financial Times, the brothers viewed Bitcoin as a missing piece of the digital economy that would change the way transactions are made.
The pair first learned of Bitcoin while on holiday in Ibiza in 2012, and in 2015 they launched a digital currency marketplace, known as Gemini, that allows investors to buy, sell and store Bitcoins.
“We wanted to build an exchange that was similar to Nasdaq or NYSE for digital currency,” Tyler Winklevoss said at the time.
“We wanted something that both Wall Street and Main Street felt comfortable with.”
Despite a few hitches over the years and ongoing speculation from financial experts, Bitcoin recently broke the US$10,000 (A$13,150) barrier.
“I remember when people said Facebook was a fad,” Tyler told the Financial Times.
“We saw this movie play out already with Facebook. “