We are all well aware that the price of the popular Bitcoin cryptocurrency has seen massive growth this year. However, now many of you may not remember the Winklevoss Twinks who sued the founder of social media giant Facebook, Mark Zuckerberg, who became the world’s first bitcoin billionaire.
Winklevoss twins who pursued Mark Zuckerberg become world’s first Bitcoin billionaires
The price of Bitcoin has hit record highs. It has been less than 48 hours since we reported that the popular cryptocurrency Bitcoin had crossed the $ 10,000 mark. Recently, a single BTC (Bitcoin) was valued at $ 11,000.
This popular cryptocurrency, Bitcoin has more than tripled in three months; in August, a bitcoin was worth $ 3,000. Since the beginning of 2017, when the currency was listed at less than a thousand dollars, the cumulative valuation is around 900%.
Bitcoin overvaluation has already made an initial claim to rack up $ 1 billion. I’m talking about brothers Cameron and Tyler Winklevoss, who invested $ 11 million in cryptocurrency in 2013, and now have over $ 1 billion in bitcoin.
The figure, however, is still a long way from the cryptocurrency’s market value of $ 190 billion, which, if it were a country, would rank 52nd on the list of highest GDPs. Today, bitcoin has already reached over $ 11,800.
Cameron Winklevoss said: “A lot of people don’t want to go to the trouble of securing your bitcoins. That’s why we started building Gemini, which is a US based exchange with compliance – it’s NASDAQ, E-Trade, and DTC built into one. ”
In 2004, social network ConnectU, owned by the twins, sued social network giant Facebook, claiming Mark Zuckerberg copied the idea and broke verbal contact. The Winklevoss brothers rose to fame after the release of The Social Network in 2010, the process of which is one of the main storylines.
“Bitcoin was this really weird technology that only geek – and not even a lot of geeks, it was geeks within geeks,” Tyler Winklevoss said. In addition, they also added that “We really wanted to make sure that we built this right. And then you have to build a good product. Most startups deal with this last piece first. ”
The twins closed the lawsuit in 2011 and won $ 65 million, of which $ 11 million was invested in Bitcoin. Since then, they are still talking about cryptocurrency: in 2015, Tyler Winklevoss told TechCrunch that “eat, sleep and breathe bitcoins”.
Cameron Winklevoss said: “We put our money where we are. We don’t just have our skin in the game, we have our whole body in the game ”. Later they added, “We are building a company, Gemini, and the ETF, which is another company. I don’t know if we are experts, but the goal is not to be an expert but to change the world. Does Richard Branson understand all the physics behind his spaceship? I am not sure.”
Two years ago, they founded Gemini, a bureau de change which now works with bitcoin and ethereum, another cryptocurrency as we said earlier. In March of this year, Bitcoin fell 15% just because the US Securities and Exchange Commission rejected the creation of an investment fund with Bitcoins proposed by the Winklevoss twins. In an interview with The Telegraph, the two swear they’ve never sold a Bitcoin.
So what do you think of these Winklevoss twins who eat, sleep, breathe Bitcoin? Just share your opinions and thoughts in the comments section below.