Bitcoin is now posting a record high on Sunday and making bitcoin billionaires of the twins Cameron and Tyler Winklevoss. 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. With the twins currently amassing a new fortune professional investors are increasingly taking the asset seriously. Investors are being drawn in by the promise of big gains.
Olympic rowers disclosed in 2013 that they owned $11 million worth of bitcoin so if you invested early in the bitcoin craze. Many of it's patrons are enjoying the huge gains of the digital currency. It has risen by over 1,000% this year alone. Cameron and Tyler Winklevoss won $65 million from the Facebook lawsuit, and invested $11 million of their payout into Bitcoin in 2013. They have one of the largest portfolios of Bitcoin in the world. If Bitcoin is a better gold or seen as a type of gold-like asset, then it could be in the trillions on a market cap," Tyler Winklevoss" said back in 2015. If his projections are right, the investment will pay off big! The twins have never sold a single Bitcoin, noting that only a handful of Bitcoin wallets hold more than $1 billion worth of the cryptocurrency. One of those wallets belongs to the inventor, known only under the name of Satoshi Nakamoto.
The winklevoss twins have bigger designs on Bitcoin than just accruing wealth in their holdings however. Earlier this year, they attempted to create an ETF for Bitcoin, but fell short after the U.S. Securities and Exchange Commission rejected the application. While the Winklevoss twins certainly have reason to celebrate their amazing milestone, they’re still ways away from joining the level of wealth Mark Zuckerberg enjoys. Forbes puts Mark Zuckerberg most recently at a value of over $71 billion.