The Winklevoss twins are now among the world's first bitcoin billionaires

Gladys Abbott
December 5, 2017

(When they first invested, bitcoin traded at $120.) Their digital currency exchange, Gemini, which they launched in 2015, is now used all over the world, although their attempt to create an exchange-traded fund for bitcoin was rejected by the S.E.C., citing the possibility of fraud. CBOE revealed on December 4 that it has received the approval from the US Commodities and Futures Trading Commission (CFTC) and will enable bitcoin futures trading on December 10.

Bitcoin is back to its winning ways, posting a record high on Sunday and making billionaires of the twins Cameron and Tyler Winklevoss.

Since then, Bitcoin has surged in valuation by almost 10,000 percent, making billionaires out of the 36-year-old twins.

Today, they were named official Bitcoin billionares as BTC's price hit $11,700. They later also spent nearly $1 million to buy more bitcoin later in 2013, right after Silk Road, an illicit marketplace on the so-called dark web, was seized by the Federal Bureau of Investigation. They later argued it was "better than gold". The Telegraph noted that the Winklevoss twins have been long-term Bitcoin bulls.

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The identical twins, who competed as rowers in the 2008 Beijing Olympics, have said recently they haven't sold any bitcoins since their initial purchase. However, it seems that Bitcoin keeps surprising us every day.

The twins invested some of the settlement money - around A$14million - in Bitcoin in 2013.

Despite the rising popularity of Bitcoin trading not only among technologists, investors, and the masses, there are financial experts who are dismissing its real value - claiming that it is a fraud.

The Winklevii's bitcoin wallet is among a very small handful to have reached the billion-dollar mark, according to The Telegraph, one of the others being the currency's mysterious inventor Satoshi Nakamoto.

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