The Winklevoss Twins Just Became the First Ever Bitcoin Billionaires


Bitcoin hit a new high of $11,826.76 a 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.

It's generally believed that the twins are the first people (excluding the original creator... which is a whole other insane story that we'll cover soon) to become billionaires thanks to Bitcoin investments. In an interview with the Telegraph, Tyler noted that bitcoin is a better version of gold, sharing the same sentiment as other investors and analysts in the space, including Apple co-founder Steve Wozniak.

It hit a new record high of $11,831 on Sunday night according to CoinDesk's bitcoin price index, before dropping sharply and then stabilising on Monday morning.

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

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Bitcoin trading in Japanese yen accounted for about 58% of trading volume, while USA dollar-bitcoin trading accounted for about 23%, according to CryptoCompare.

Investors are being drawn in by the promise of big gains. As of 8.05 a.m. GMT (3.05 a.m. ET), bitcoin is up 2.79% against the dollar to $11,554.83.

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.

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 exchange operator Nasdaq could follow rival CME Group in launching bitcoin future contracts next year, a sign that professional investors are increasingly taking the asset seriously. However, it looks like Bitcoin is here to stay. And the world just got its first set of Bitcoin billionaires.