Zuckerberg challengers now bitcoin billionaires

Twins become world’s first bitcoin billionaires

Although their action for control of the company was unsuccessful, they were awarded a settlement of $65m (£48m) in 2008, out of which they used $11m to invest in bitcoin at $120 a coin in 2013, The Telegraph reported. 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.

That's right, Tyler and Cameron Winklevoss - who in 2004 famously sued Mark Zuckerberg, claiming he stole their idea for Facebook - have ridden a 10,000 percent rise in the cryptocurrency to a 10-digit net worth.

Like billionaire technology angel investor Tim Draper, the Winklevoss twins have allocated a significant portion of their resources and capital in providing a better infrastructure for the bitcoin market, specifically for investors in the traditional finance market.

The Winklevoss twins have become the world's first bitcoin billionaires.

The digital currency retraced some of its gains on Sunday after hitting the peak.

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

The Winklevoss twins are best known for their association with Mark Zuckerberg and Facebook.




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

LONDON, ENGLAND - OCTOBER 23: A visual representation of the digital Cryptocurrency, Bitcoin on October 23, 2017 in London, England.

Bitcoin reached another new high on Sunday, crossing the threshold of a $11,826.76 a coin for the first time.

The big question now is if there's any more room left for Bitcoin to grow.

As The Verge reports, $11 million of that $65 million was invested in Bitcoin.

In August, Tyler Winklevoss stated that Gemini and his partners are focused on providing liquidity and a trading platform for institutional and retail investors. So yeah, looks like virtual currencies are here to stay. Winklevoss's, however, are the first public figures to have made a billion out of the currency.

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