Twins who sued Facebook have become Bitcoin billionaires

Twins who sued Facebook have become Bitcoin billionaires

Twins who sued Facebook have become Bitcoin billionaires

The Telegraph reported over the weekend that the Winklevoss twins, who famously sued Mark Zuckerberg saying he stole the idea for Facebook from them, are now the world's first bitcoin billionaires. And it's been a stunning thing to witness: when the Winklevoss's invested in Bitcoins, the currency was trading at just $120.

Today, they were named official Bitcoin billionares as BTC's price hit $11,700.

Tyler and Cameron Winklevoss-the brothers who tried and failed to gain control of Facebook after alleging that it had been appropriated from them-have rebounded big-time.

Bitcoin trading in Japanese yen accounted for about 58% of trading volume, while US dollar-bitcoin trading accounted for about 23%, according to CryptoCompare.

The Winklevoss twins now have an undisputed achievement to their name. In 2013, they revealed their investment was worth nearly $11 million. On Gemini, people could swap dollars and other cryptocurrencies for Bitcoins and vice versa. "Still, the twins" early comments about bitcoin appear to have been prescient.

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Firstly, who? Aside from the villainous Bond names, the Winklevoss twins actually rose to fame thanks to one Mark Zuckerberg.

Interestingly, the venture capitalists pointed out that they have not sold a single bitcoin yet, with Cameron Winklevoss stating that the two of them are in for the long haul.

There is also a steady increase in interest from institutional investors.

An increasing number of countries are now getting regulators to look at bitcoin and investing in blockchain, which legitimises the cryptocurrency. Last week it emerged that the exchange operator Nasdaq could follow its rival CME Group in launching bitcoin future contracts next year, a sign that professional investors are increasingly taking the asset seriously.

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