Winklevoss Twins Reach Billionaire Status via Bitcoin

Cameron Winklevoss and Tyler Winklevoss

Cameron Winklevoss and Tyler Winklevoss

In 2013, the twins took $11 million of their settlement money and invested it in bitcoin. 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.

Cameron and Tyler Winklevoss - the identical twins who successfully sued Mark Zuckerberg for stealing their concept for Facebook in 2009 and received a settlement amount of $65 million - are now the world's first Bitcoin billionaires.

The Winklevoss twins also founded the Gemini exchange.

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. At that time, one coin traded for only around $120.

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Bitcoin's meteoric recent rise means the Winklevoss twins' $11 million bet on the cryptocurrency in 2011 is now worth over $1 billion. 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. The Telegraph noted that the Winklevoss twins have been long-term Bitcoin bulls.

In a massive rebound from a 20% plunge last week, bitcoin surged Sunday to a record high above $11,700 U.S. Cryptocurrency mania has since overtaken mature financial markets, with major institutional investors looking for ways to gain exposure.

The big question now is if there's any more room left for Bitcoin to grow. The news broke barely days after NASDAQ's rival CME Group confirmed that it will allow Bitcoin futures contracts as of December 18th this year. However, it looks like Bitcoin is here to stay.

What the Winklevii is are two people now holding just over $1 billion worth of bitcoin, and that's fantastic.

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