How Facebook made the Winkevoss twins Bitcoin BILLIONARES!

05 December, 2017, 02:21 | Author: Gladys Mathis
  • A sticker on the window of a pub in Berlin signifies acceptance of bitcoin for payment. Few places accept the digital currency

Cameron and Tyler Winklevoss are believed to be among the first bitcoin investors to pull in a billion-dollar return after the cryptocurrency's value surged to almost $11,500 on Monday. 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.

However, the Winklevoss Twins are considered to be the first high-profile investors to reach a billion-dollar net worth of Bitcoin.

And Winklevoss twins have seen their investment surge by close to 10,000 per cent since they bought the cryptocurrency.

Former Olympic rowers Cameron and Tyler Winklevoss disclosed in 2013 that they owned $11 million worth of bitcoin. When this digital currency first came out, no one would have predicted the kind of success it would gain.

Bitcoin suffered big price falls last week but recovered over the weekend.

The Winklevoss twins now have an undisputed achievement to their name.

Smiling Woods ties for ninth as Fowler wins with 61
Woods is 10 back of leader Charley Hoffman but still in the mix for a top-10 or top-five finish at the tournament he hosts.


Syrian Air Defense intercepts Israeli missile aggression in Damascus
The British broadcaster commissioned a series of satellite pictures that showed widespread construction at the site. Israeli missiles struck a military base near Damascus early Saturday morning, Syrian state television said.


Batman Ninja Is The DC Anime Film You've Been Waiting For
The plot of the film revolves around Batman attempting to stop The Joker and his minions from altering the future of Japan. The film comes from industry veterans Junpei Mizusaki , Takashi Okazashi, and Kazuki Nakashima , among others.


Last week, the digital currency hit $11,395 to continue its drastic rise in value over the past few days. The Telegraph noted that the Winklevoss twins have been long-term Bitcoin bulls.

Bitcoin has attracted interest from both ordinary investors and institutions.

The question now is, will they sell?

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

In August, Tyler Winklevoss stated that Gemini and his partners are focused on providing liquidity and a trading platform for institutional and retail investors. While some bitcoin users were afraid that Silk Road represented a significant amount of spending in the cryptocurrencies, the twins saw opportunity.

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

Recommended:

  • NASA fires up Voyager 1 thrusters after 37 years

    NASA fires up Voyager 1 thrusters after 37 years

    However, Voyager 1 does have a set of four backup trajectory correction maneuver thrusters that haven't been used since the 1980s. Because of the success in the attempt to test Voyager 1's TCM thrusters , NASA plans to test the ones on Voyager 2.
    Up to Stanton: Marlins get agreements with SF, StL

    Up to Stanton: Marlins get agreements with SF, StL

    The Dodgers are enamored with Stanton's power, but are concerned about the luxury-tax implications of trading for him. FanRag Sports' Jon Heyman reported there's some doubt whether Stanton would waive his no-trade clause to go to St.
    Supermoon 2017: Here's how to watch it

    Supermoon 2017: Here's how to watch it

    My definition is stricter: There's only one supermoon in a given year, reserved for the full moon with the biggest apparent size. That'll be a super moon, even by Neil deGrasse Tyson's standards.
  • Well, Someone Threw Another Sex Toy On The Field During Patriots-Bills

    Well, Someone Threw Another Sex Toy On The Field During Patriots-Bills

    Gronkowski drove his shoulder as he lay face down on the turf after the whistle and was penalized for unnecessary roughness. Patriots Offensive Coordinator Josh McDaniels found himself on the receiving end of a Brady meltdown on Sunday in Buffalo.
    McMaster: Potential for war with North Korea 'increasing every day'

    McMaster: Potential for war with North Korea 'increasing every day'

    The KMA said the quake is a natural one but is presumed to have occurred in the aftermath of the nuke test. The latest missile flew higher than any others previously tested, before falling into Japanese waters.
    MPs say hard border with Republic of Ireland appears 'inevitable' after Brexit

    MPs say hard border with Republic of Ireland appears 'inevitable' after Brexit

    Theresa May's plan for a "light-touch" border using technology is "untested and to some extent speculative", its report added. The issue is a major sticking point in the negotiations and must be dealt with before trade talks can begin.
  • Gujarat Assembly election 2017: BJP's Muslim outreach worries Congress

    Gujarat Assembly election 2017: BJP's Muslim outreach worries Congress

    The PM also attacked Congress citing Sonia Gandhi's political secretary Ahmed Patel's election to the Rajya Sabha. Modi's rallies are centred on places where the BJP needs an extra push.
    Bitcoin Futures to Launch Dec. 18

    Bitcoin Futures to Launch Dec. 18

    Bitcoin recovered back from its 20 percent plummet on Thursday back to $10,500, as it is now up 5.6 percent on Friday morning. Bitcoin futures are going to start trading later this month and InvestorPlace have a few things to know about the matter.
    Potsdam Christmas market evacuated after bomb is found in German city

    Potsdam Christmas market evacuated after bomb is found in German city

    Security has been stepped up at all markets across Germany ahead of that anniversary, and the looming first Advent weekend. The object was reportedly planted on a children's carousel located at the Christmas market, local media report.
  • Russian FM: Haley's North Korea statement 'bloodthirsty'

    Russian FM: Haley's North Korea statement 'bloodthirsty'

    Tillerson on Thursday welcomed Chinese efforts on North Korea, but said Beijing could do more to limit its oil exports to the country.
    Japanese emperor Akihito says he will abdicate in 2019

    Japanese emperor Akihito says he will abdicate in 2019

    A law enacted in June allows Akihito, who turns 84 on Dec 23, to step down, but details have yet to be worked out. Japan's constitution defines the emperor as a symbol of the state and the people, without political power.
    Jimbo Fisher Joins Texas A&M On Record-Breaking $75M Contract

    Jimbo Fisher Joins Texas A&M On Record-Breaking $75M Contract

    Fisher had signed an extension with FSU through 2024 just last December. "Obviously, he feels like it's the right move for him". The latest bit of news comes as little surprise: Jimbo Fisher will become the head football coach at Texas A&M .


Popular

American Airlines, Pilots, Continue Holiday-Flight Feud
As of Friday, American said it had arranged to have pilots for all but a few hundred flights and was working to fill the rest. But despite American's statement, the APA continues to dispute the airline's numbers.

Jets make Darron Lee inactive for game against Chiefs
Butker's only previous miss was a 46-yarder against Washington on the first attempt of his National Football League career. Darrelle Revis ' struggles in the secondary were a microcosm of the Chiefs defense as a whole on Sunday.

De Gea 'best in world' as United beat Arsenal 3-1
United were certainly indebted to their goalkeeper at the Emirates, and Mourinho was effusive in his praise after the game. Even so, Wenger acknowledged Arsenal had only themselves to blame for a loss that effectively ended their title bid.

Nathan Redmond explains what Pep Guardiola said to him
Guardiola admitted frustration that Southampton "didn't want to play" and "were time wasting from the ninth minute". What I said is what I said and what Nathan said in his statement.

Saleh Seeks New Page With Saudi-Led Coalition as Yemen Clashes Rage
The Houthis accused Mr Saleh of betrayal, and vowed to keep up the fight against the Saudi-led coalition. The two groups had been fighting the Hadi government for almost three years under an uneasy alliance.

Yankees complete interviews for next manager; A-Rod not among choices
Aaron Boone played 12 seasons in the majors, mostly with Cincinnati, and spent only three months with the Yankees in 2003. Now 44, Boone has never been a manager or even a coach at any level since retiring as a player after the 2009 season.

Rise in Q2 GDP signals economic recovery: India Inc
GST has consolidated central and local taxes including value added tax, excise and service tax into a single levy. Government spending slowed in the quarter, growing 4.1 per cent, as against 17.1 per cent in the June quarter.

Solid domestic demand boosts Philippine manufacturing in November
Additional manpower enabled companies to adjust to increased workloads, resulting in a further decline in backlogs. There were signs, however, that inflationary pressures remained strong.

Rohr: Nigeria-Argentina clash could determine our fate
Croatia eliminated Greece 4-1 on aggregate in the European final playoffs to qualify for this Mundial. A draw there would see the Super Eagles advance, providing Nigeria haven't slipped up before then.

Ole Miss supposed to get NCAA ruling on infractions Friday
The 41-year-old led the Rebels to a respectable season, including an Egg Bowl win over rival Mississippi State last week. Matt Luke was named the permanent head coach on Sunday after serving on an interim basis throughout the 2017 season.