Revealed Names of First Bitcoin Billionaires Send Social Media Users Into Frenzy

Bitcoin billionaires: Winklevoss twins' $11m bet on digital currency is now worth $1 billion

As the most widely traded "cryptocurrency", bitcoin exists only as strings of computer code. 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.

Almost a decade ago, Cameron and Tyler Winklevoss successfully sued Mark Zuckerberg, claiming that he stole the idea of their ConnectU social network when creating Facebook.

And Winklevoss twins have seen their investment surge by close to 10,000 per cent since they bought the cryptocurrency.

The Winklevoss twins did, and they just became billionaires on paper because of it.

Bitcoin billionaires: Winklevoss twins' $11m bet on digital currency is now worth $1 billion
Bitcoin hits new high above $11500 as the Winklevoss twins become the first bitcoin billionaires

The digital currency retraced some of its gains Sunday after hitting the peak. The digital currency hit a new high of $11,826.76 per coin on Sunday, according to data from Markets Insider, surpassing its previous high of around $11,300.

One of the most successful projects of the Winklevoss Twins is Gemini, a leading and well-regulated US-based bitcoin exchange, which has served the United States market with its sophisticated and professional trading platform. "By working with the team at CBOE, we are helping to make bitcoin and other cryptocurrencies increasingly accessible to both retail and institutional investors", said Tyler. The Telegraph noted that the Winklevoss twins have been long-term Bitcoin bulls. "We've never sold a bitcoin, we're in it for the long haul", Cameron told CNN Money in 2015.

The twins invested some of the settlement money - around A$14million - in Bitcoin in 2013. 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. After all, we already have our first Bitcoin billionaires.


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