Mark Zuckerberg rivals Winklevoss Twins are the world's first Bitcoin billionaires

Tammy Harvey
December 5, 2017

The cryptocurrency was first introduced in 2009, and the Winklevoss twins have been heavy backers of crypto since their initial investment.

This year will be the most wonderful year for Bitcoin, the digital coin that employs impressive coding techniques to verify the transfer of funds.

Fortune reports the twins purchased the currency at $120, which would have gotten them roughly 91,666 bitcoins.

Bitcoin hit a record high on Sunday closing at $11,826.76.

The astonishing rise of Winklevoss twins comes on the back of astronomical rise of Bitcoins.

It's generally believed that the twins are the first people (excluding the original creator... which is a whole other insane story that we'll cover soon) to become billionaires thanks to Bitcoin investments.

Bitcoin's rise comes amid continued interest in the digital currency from both ordinary investors and institutions. But here we are, Bitcoin is now the most valuable digital currency on the planet. Why would these two bozos waste their money on Bitcoin?

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

"We've never sold a bitcoin, we're in it for the long haul", Cameron added.

In August, Tyler Winklevoss stated that Gemini and his partners are focused on providing liquidity and a trading platform for institutional and retail investors. But Novogratz said Tuesday at CoinDesk's Consensus Invest conference that cryptocurrencies like bitcoin are "going to be the biggest bubble of our lifetimes". The news broke barely days after NASDAQ's rival CME Group confirmed that it will allow Bitcoin futures contracts as of December 18th this year. And the world just got its first set of Bitcoin billionaires.

An increasing number of countries are now getting regulators to look at bitcoin and investing in blockchain, which legitimises the cryptocurrency.

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