Twin Brothers Who Sued Facebook Founder in 2013, Becomes First Bitcoin Billionaire
The continues rise of Bitcoin in the digital money market has changed narrative of how iinvestors sees the future cryptocurreny coin in the nearest future.
As Bitcoin back at its winning ways, posting higher record on Sunday, twin brothers Cameron and Tyler Winklevoss, who sue founder of Facebook, Mark Zuckerberg of stealing their idea during their Harvard University days, becomes the first ever bitcoin billionaires in crytocurrency history.
Bitcoin suffered big price falls last week but recovered over the weekend. 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 digital currency retraced some of its gains Sunday after hitting the peak. As of 8.05 a.m. GMT (3.05 a.m. ET) on Monday, bitcoin was up 2.79% against the dollar to $11,554.83.
Bitcoin has attracted interest from both ordinary investors and institutions. Last week it emerged that the exchange operator Nasdaq could follow its rival CME Group in launching bitcoin future contracts next year, a sign that professional investors are increasingly taking the asset seriously.
Investors are being drawn in by the promise of big gains. The Telegraph reported over the weekend that the Winklevoss twins, known for suing Mark Zuckerberg saying he stole the idea for Facebook from them, had become the world’s first bitcoin billionaires.
The two former Olympic rowers disclosed in 2013 that they owned $11 million worth of bitcoin. The cryptocurrency’s meteoric rise since then – it has risen by over 1,000% this year – has propelled that investment to over $1 billion, according to The Telegraph. The Winklevoss twins are long-time bitcoin bulls and are also investors in the crypto exchange Gemini.
Report Credit : Business Insider