The Winklevoss Twins Have Mark Zuckerberg in Their Sights

Cameron and Tyler Winklevoss bought $11m of bitcoin in 2013
Credit
Getty Images

That's right, Tyler and Cameron Winklevoss - who in 2004 famously sued Mark Zuckerberg, claiming he stole their idea for Facebook - have ridden a 10,000 percent rise in the cryptocurrency to a 10-digit net worth.

This year will be the most unbelievable year for Bitcoin, the digital coin that employs impressive coding techniques to verify the transfer of funds. The digital currency hit a new high of $11,826.76 a coin on Sunday, according to data from Markets Insider, surpassing its previous high of about $11,300. It was a total of 1% of all the Bitcoins mined at the time. The Winklevoss twins are definitely getting their money's worth.

It has been a rollercoaster ride for the digital currency in the past week. One of the key benefits that Bitcoin offers is the possibility of quick big gains. The $11 million Bitcoin investment in 2013 is worth slightly above a billion dollars in today's value.

Of course, the other side of the argument suggests that bitcoin's value is peaking, and a sharp decline is inevitable. The Telegraph noted that the Winklevoss twins have been long-term Bitcoin bulls.

Читайте также: Tiger Woods briefly takes lead, in contention at Hero World Challenge

It was also the twins' money that was responsible for sending bitcoin's market capitalization, now over $188.7 billion, north of $1 billion for the first time in March of 2013.

The question now is, will they sell? In other words, they bought 11,000 Bitcoins.

In August, Tyler Winklevoss stated that Gemini and his partners are focused on providing liquidity and a trading platform for institutional and retail investors. 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.

Whether this will affect how the coin is traded remains to be seen.

При любом использовании материалов сайта и дочерних проектов, гиперссылка на обязательна.
«» 2007 - 2017 Copyright.
Автоматизированное извлечение информации сайта запрещено.

Код для вставки в блог

Related news:

Hot News

isis-killer-beheading-video-story-top See the only 2017 appearance of the supermoon
Дек 05, 2017 - 02:18
Nearby perigee full Moons appear about 14% bigger and 30% brighter than full Moons that occur near apogee in the Moon's orbit. The supermoon lit up night skies around the world on Sunday, Dec. 3, 2017, drawing awe from many spectators.

isis-killer-beheading-video-story-top Russian Federation calls USA threat to destroy North Korea a 'bloodthirsty tirade'
Дек 04, 2017 - 01:33
Russian Foreign Minister Sergei Lavrov has said USA comments about North Korea amounted to a "really bloodthirsty tirade". Security Council and the new sanctions that may follow will solve nothing", the article said.

isis-killer-beheading-video-story-top Tiger still in the woods
Дек 04, 2017 - 01:28
Instead, Woods shot 40 on the front nine, didn't make a birdie until the 14th hole and wound up with a 75. But the 79 times PGA Tour victor struck back with birdies at 11, 14 and 15 before bogeys at 17 and 18.

isis-killer-beheading-video-story-top Giancarlo Stanton Could Soon Be Traded To The Giants Or The Cardinals
Дек 04, 2017 - 01:24
Stanton's reps were given permission to meet with the Giants on Thursday night in Los Angeles, according to multiple reports. The Cardinals have pitching prospects the Marlins have targeted, such as right-handers Jack Flaherty and Sandy Alcantara .

isis-killer-beheading-video-story-top Guardiola sad to see Pogba miss Manchester derby
Дек 04, 2017 - 01:16
It was two very good teams going through different moments of the game", he said. Discussing the Pogba red card , he said: "I don't know".

isis-killer-beheading-video-story-top Tom Brady Flips Out at Josh McDaniels on Patriots Sideline
Дек 04, 2017 - 01:13
The Patriots have turned to the Bills to fill several holes on their roster in recent years, with Lee the most recent example. Going 70-yards in 10 plays the Patriots were able to extend their lead thanks to a Rex Bulkhead 1-yard touchdown run.

isis-killer-beheading-video-story-top North Korea lambasts US-South joint military drill
Дек 04, 2017 - 01:11
Technical analysis of the missile flight is ongoing, but the USA official said "the North Koreans had problems with re-entry". The larger size of the first and second stages allows the missile to fly a greater distance with a larger payload.

isis-killer-beheading-video-story-top Guardiola explains incident with Nathan Redmond
Дек 03, 2017 - 01:42
Redmond released a statement saying Guardiola "was very passionate, intense and aggressive but he was only very complimentary and positive to me".

isis-killer-beheading-video-story-top Randi Zuckerberg has some strong words for Alaska Airlines
Дек 03, 2017 - 01:40
During the three-hour flight, the man was given multiple alcoholic drinks, she said , and continued to harass her the entire time. Zuckerberg wrote a lengthy email to the airline's leadership after leaving a flight feeling "disgusted" and "degraded ." .

isis-killer-beheading-video-story-top Yemen's Saleh says open to talks with Saudi-led coalition
Дек 03, 2017 - 01:29
Abdel-Malek al-Houthi, the leader of the rebels , called on Saleh to " show more wisdom and maturity " in a separate statement. Mr Hadi, in a statement after a meeting with his advisors, also said he was ready to work with Mr Saleh against the Houthis.

isis-killer-beheading-video-story-top Israel strikes Syria based on Fake story by BBC
Дек 03, 2017 - 01:20
The spokesperson for the Israeli military declined to comment on reports of the attack. The Israeli military has not confirmed it carried out the attack.

isis-killer-beheading-video-story-top How will Nigeria fare in World Cup Group D?
Дек 02, 2017 - 01:07
That same encounter also saw Lionel Messi score a brace to help Argentina finish top of Group F with three wins from three games. Nigeria's Super Eagles have drawn Argentina once again in the World Cup, the fifth time since 1994.

isis-killer-beheading-video-story-top Jimbo Fisher resigning from FSU, won't coach Saturday
Дек 02, 2017 - 01:06
Names circulating as possibilities for the Florida State post include Oregon's Willie Taggart and South Florida's Charlie Strong . According to Tomahawk Nation reporter Bud Elliott , Fisher issued an emotional apology to the players in his final team meeting.

isis-killer-beheading-video-story-top Patent Infringement: Qualcomm Files Three Complaints Against Apple
Дек 02, 2017 - 01:05
The complaint was particularly limited to devices using Intel modems instead of those built by Qualcomm and its sub-contractors. The lawsuit covers a number of Apple devices, the iPhone 7 , iPhone 7 Plus, iPhone 8 , iPhone 8 Plus and the new iPhone X .

isis-killer-beheading-video-story-top Fulmer expected to be named Vols Athletic Director
Дек 02, 2017 - 01:01
Tennessee fired football Butch Jones last month and was close to hiring Ohio State defensive coordinator Greg Schiano on Sunday. A source told Sports Illustrated's Bruce Feldman that Tennessee reached out to Brohm and North Carolina State's Dave Doeren.