Mark Zuckerberg rivals Winklevoss Twins are the world's first Bitcoin billionaires

Mark Zuckerberg rivals Winklevoss Twins are the world's first Bitcoin billionaires

Bitcoin hit a new high of $11,826.76 per coin on Sunday, according to Markets Insider data. Even JP Morgan's senior analyst Tom Lee has confirmed the optimistic estimates it wants to climb within five years to $ 25,000, endorsing his undisputed commercial success.

The twin brothers who sued Mark Zuckerberg claiming he stole the idea for Facebook are worth more than $1bn after capitalising on the astonishing rise in Bitcoin.

Winklevii tried to create an ETF or an Exchange Traded Fund for the cryptocurrency, which would have opened it up to institutional investing. And just last week it returned them 10,000%!

The Winklevoss twins have become the first billionaires to make their money from Bitcoin.

Bitcoin's rapid gains mean that twins Cameron and Tyler Winklevoss, founders of the Gemini digital currency exchange, are likely the first well-known bitcoin billionaires.

It has been a rollercoaster ride for the digital currency in the past week.

Bitcoin suffered big price falls last week but recovered over the weekend. While it is not known how much exactly is the Winklevoss Twins net worth in BTC, reports are expecting about a billion-dollar worth of Bitcoins.

Still, the twins themselves have noted that older Bitcoin aficionados probably have larger holdings.

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. This is the clearest indication that professional investors are looking at Bitcoin as a serious investment asset.

The twins invested around $11 million of their $65 million payout from that lawsuit into the fledgling cryptocurrency in 2013, one of the biggest bitcoin bets in the world at the time. So yeah, looks like virtual currencies are here to stay.

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