How Facebook made the Winkevoss twins Bitcoin BILLIONARES!
05 December, 2017, 02:21 | Author: Gladys Mathis
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.
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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.
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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.
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