Bitcoin Investment Gets Tyler and Cameron Winklevosss to Become Billionaires Again
Tyler and Cameron Winklevosss are now billionaires once again after the price surge of Bitcoin.
One of the popular investments in the world now are cryptocurrencies. Its prominence came after those people who were the first to invest in it became millionaires.
In 2009, Bitcoin which is one of the most popular cryptocurrencies now was launched. However, then, it did not hit instant popularity and a lot of people are hesitant to take the risk.
The value of Bitcoin can go up and down and, truly, it is not for the fainthearted. It is a long-term investment and it took people years to become millionaires – but the risk is worth the price.
Bitcoin helped twins Tyler and Cameron Winklevosss become billionaires again. Based on Bloomberg Wealth, the fortune of the twins were shaking since they jostled with Facebook’s Mark Zuckerberg.
In 2013, Tyler and Cameron invested in Bitcoin and bought $11 million of the cryptocurrency. Their investment was followed by the creation of Gemini Trust Co., a crypto exchange firm.
Based on the article, in 2017, the price of Bitcoin surged which brought Tyler and Cameron Winklevosss back to the pedestal of billionaires again. Both of the twins did not comment much on their wealth except for some short statements about the cryptocurrency that boosted them.
“The price of Bitcoin is being driven by all of the money printing and uncertainty in the world right now,” Tyler said in a statement.
Following a huge success in the crypto-world, the twins became more engaged in it. They applied to U.K’s Financial Conduct Authority for the expansion of Gemini. They both expect the cryptocurrency’s value to reach $500,000.00.
“Inflation is coming. Money stored in a bank will get run over. Money invested in assets like real estate or the stock market will keep pace. Money stored in gold or Bitcoin will outrun the scourge. And money stored in Bitcoin will run the fastest, overtaking gold,” the twins said in a statement.
