The Winklevoss Twins Just Became The First Ever Bitcoin Billionaires
Thanks to all that money they won from Mark Zuckerberg.
BY sarah rense | Dec 5, 2017 | Money & Career
Bitcoin, the original digital currency of the world wide web, has spawned its first billionaires, the Winklevoss twins. After Cameron and Tyler Winklevoss won a multi-million dollar lawsuit against Facebook—they claimed their old college pal Mark Zuckerberg had stolen the idea for a social network, as made famous by the movie The Social Network—they invested heavily in the then-budding cryptocurrency. In 2013, they revealed their investment was worth almost USD11 million.
On Sunday, Bitcoin hit a record high of USD11,826.76 per coin, which would put the Winklevii investment at over USD1 billion—the Telegraph reports that the twins never sold a single coin of what they initially put in.
Bitcoin's value has been skyrocketing in the past years, rising 1,000 percent this year alone, according Business Insider. The twins foresaw that rise back in 2013 when most people were incredibly wary of digital currencies. “People say it’s a Ponzi scheme, it’s a bubble,” Cameron Winklevoss told The New York Times. “People really don’t want to take it seriously. At some point that narrative will shift to ‘virtual currencies are here to stay.’ We’re in the early days.”
From: Esquire US