The set, who took legal action against Zuckerberg over Facebook in 2009, received a settlement of US$ 65 million (A$ 85.5 million) and utilized some of that money (A$ 14 million) to purchase Bitcoin in 2013. The siblings apparently purchased 1 percent of all Bitcoin that was in flow at the time.
Cameron and Tyler Winklevoss’s financial investment in Bitcoin has paid off. Photo: Craig Barritt/Getty Images for FIJI Water Source: Getty Images Ever since, the digital currency has actually increased in value by 10,000 per cent, making the 36-year-old siblings billionaires. They apparently explained the cryptocurrency as “better than gold”. When compared with gold, Bitcoin shares all the same 9 fundamental qualities, including shortage, sturdiness and mobility, and it matches or beats gold on all these qualities.
“We see Bitcoin as potentially the greatest social media of all,” stated Tyler in 2016. Inning accordance with the Financial Times, the siblings saw Bitcoin as a missing out on piece of the digital economy that would alter the way transactions are made.The pair first
discovered of Bitcoin while on vacation in Ibiza in 2012, and in 2015 they introduced a digital currency market, referred to as Gemini, that enables financiers to buy, sell and store Bitcoins.
Bitcoin’s dizzying increase follows the digital currency’s embrace by mainstream trading platforms. Photo: AFP/ Karen Bleier Source: AFP” We wished to build an exchange that was similar to Nasdaq or NYSE for digital currency, “Tyler Winklevoss stated at the time.
“We desired something that both Wall Street and Main Street felt comfy with.”
“I remember when people said Facebook was a trend,” Tyler told the Financial Times.
“We saw this film play out already with Facebook. We feel like we remain in the very same movie once again, just with a various cast of characters.”
What is the future of bitcoin?
Cameron and Tyler Winklevoss run a bitcoin exchange on which financiers trade typically $1 million in bitcoin per day. However is this cryptocurrency safe or a trend?
Cameron and Tyler Winklevoss are the world’s very first Bitcoin billionaires. Picture: Dia Dipasupil/Getty Images For Entertainment WeeklySource: Getty Images
CAMERON and Tyler Winklevoss, the identical twins who claimed Mark Zuckerberg stole their concept for Facebook, are the world’s very first Bitcoin billionaires.