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Winklevoss Twins Bitcoin Holding Worth More Than $1 Billion

November 02, 2017 17:03
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With over 600 percent surge in the value of Bitcoin alone this year and the total value of Bitcoin reaching $100 BN level, many early investors into the currency have able to draw in huge gains. Celebrity Winklevoss twins, Cameron and Tyler are believed to be the richest celebrities in terms of Bitcoin investments as of late October 2017. The current value of their investments into the Bitcoin is expected to worth over a billion dollar.

Winklevoss twins have invested into the digital currency sometime during 2013 when it was trading around $100- $200 range. They first learned about the digital currency around 2012 and eventually bought 1 percent or 120,000 BTC of the total supply at that time. The twins said that they have not liquidated any part of the purchase and keeps their wallet in different safes around the world on USB drives.

In an interview to Reddit AMA, they said that when they heard about the concept of Bitcoin in 2012 it took their mind off and eventually decided to make an investment into it considering the huge potential.

“We first learned about Bitcoin in 2012. Perhaps where you’d least expect — on an island off the coast of Spain in the middle of August. Our first impression was that this was either going to be really big or a complete zero. We were immediately taken in by Bitcoin’s elegance and enormous promise, and as we started to learn more, we became convinced that Bitcoin was the future of money.”

The twins eventually launched Gemini Bitcoin Exchange, based in New-York to provide an electronic trading platform for both individual and institutional customers to transact digital assets (bitcoin) against fiat currency (USD, GBP).


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