The Winklevoss twins are now among the world's first bitcoin billionaires

Nautica Men's- Front Row- Fall 2013 Mercedes Benz Fashion Week

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. After Cameron and Tyler Winklevoss won a multi-million dollar lawsuit against Facebook-they claimed their old college pal Mark Zuckerberg had stolen the idea for a social network, as made famous by the movie The Social Network-they invested heavily in the then-budding cryptocurrency.

It was also the twins' money that was responsible for sending bitcoin's market capitalization, now over $188.7 billion, north of $1 billion for the first time in March of 2013. And just last week it returned them 10,000%! In 2016, Gemini became the world's first licensed digital currency exchange.

In 2013, the twins used $11 million of the $65 million they pocketed when they settled the suit against Zuckerberg to buy bitcoins.

Bill Belichick apologizes for Rob Gronkowski's 'bulls-' hit on Bills DB
The reason he was frustrated, he explained , was because he felt as though there should have been a flag on the play. And then they don't call that [on White]. "It was a dirty play , apology or not", Hyde said.

Today, they were named official Bitcoin billionares as BTC's price hit $11,700. "Still, the twins" early comments about bitcoin appear to have been prescient. That was about 1% of all bitcoin in circulation at the time. "We've never sold a bitcoin, we're in it for the long haul", Cameron told CNN Money in 2015. Last week it emerged that exchange operator Nasdaq could follow rival CME Group in launching bitcoin future contracts next year, a sign that professional investors are increasingly taking the asset seriously. One of the key benefits that Bitcoin offers is the possibility of quick big gains.

An increasing number of countries are now getting regulators to look at bitcoin and investing in blockchain, which legitimises the cryptocurrency. However, it looks like Bitcoin is here to stay. Winklevoss's, however, are the first public figures to have made a billion out of the currency.

Related news:

Hot News

isis-killer-beheading-video-story-top Cathay Pacific Crew 'saw North Korean Missile'
Dec 05, 2017 - 02:17
On Monday, China's foreign ministry requested that all sides " do more to ease the tension and avoid provoking each other". Pyongyang has said the drills prove that US President Donald Trump is " begging " for nuclear war.

isis-killer-beheading-video-story-top A few of the very best photos of Sunday's Supermoon
Dec 05, 2017 - 02:14
That often causes the moon to shine with a reddish hue, in what's known as a 'blood moon'. At only 7 percent larger, the moon will likely appear pretty normal to most observers.

isis-killer-beheading-video-story-top Netflix's "Altered Carbon" Is The Upcoming Sci-Fi Series To Watch
Dec 05, 2017 - 02:14
In case you hadn't noticed the dearth of good science fiction television these days, some of us are feeling desperate. Police deemed it a suicide, however Bancroft is convinced he was murdered and enlists Kovacs to find out the truth.

isis-killer-beheading-video-story-top Facebook Introduces Messenger Kids, A Chat App For Kids Under 13
Dec 05, 2017 - 02:14
More than 2 billion people use Facebook every month, not counting subsidiary apps such as Messenger, WhatsApp and Instagram. Parents will have to sign their children up for the service and have to approve any person their children communicate with.

isis-killer-beheading-video-story-top LaVar Ball pulls son LiAngelo Ball out of UCLA, ESPN reports
Dec 05, 2017 - 02:11
Although there are seemingly no hard feelings from the Ball family, they are no strangers to taking this course of action. Those options will not include transferring to another school. "The plan is now to get Gelo ready for the NBA Draft".

isis-killer-beheading-video-story-top Ex-Yemeni President Killed by Huthi Rebels
Dec 05, 2017 - 02:10
Saudi Arabia and the United States have accused Iran of supplying weapons to the Huthis, which Tehran strongly denies. Witnesses said dead bodies, those of civilians and rebel fighters alike, littered the streets of Yemen's capital.

isis-killer-beheading-video-story-top Kyle Shanahan on Jimmy Garoppolo's debut: 'It was pretty impressive'
Dec 05, 2017 - 02:09
You don't know if it's going to come true or not but it's insane how things work out". "It's insane how things work out". That won't be easy, with the schedule taking a tough turn following next week's game at Houston.

isis-killer-beheading-video-story-top Trump Working Overtime to Block Romney from the Senate
Dec 05, 2017 - 02:08
It's widely rumored that 2012 GOP nominee Mitt Romney will run for the seat if Hatch decides to retire . As Politico notes, the public display of affection isn't only about blocking Romney.

isis-killer-beheading-video-story-top MSK Prasad reveals why Jasprit Bumrah was selected
Dec 05, 2017 - 01:59
The chairman of selectors also said he was feeling unfortunate to sideline the chinaman bowler Kuldeep Yadav for the Test series. The four pacers - Bhuvneshwar Kumar, Mohammed Shami, Ishant Sharma and Umesh Yadav are automatic picks.

isis-killer-beheading-video-story-top Netflix to Resume Production on HOUSE OF CARDS Without Kevin Spacey
Dec 05, 2017 - 01:42
House Of Cards is hoping to move on without the shadow cast by the sexual assault scandals surrounding lead Kevin Spacey . Deadline reports that it will be an abridged season of eight-episodes used to wrap things up in a satisfying manner.

isis-killer-beheading-video-story-top Bryan Singer Fired From Directing Freddie Mercury Biopic After On-Set Drama
Dec 05, 2017 - 01:38
A representative from the Directors Guild of America also arrived on set to monitor the situation. Robot lead Rami Malek as frontman Freddie Mercury and is set for release on Christmas Day 2018.

isis-killer-beheading-video-story-top Mattis seeks more cooperation with Pakistan on terror fight
Dec 04, 2017 - 01:29
He will begin his engagements with a visit to Egypt on December 2 and then travel to Jordan on December 3. Trump while announcing the strategy had criticised Pakistan for providing safe havens to terrorists.

isis-killer-beheading-video-story-top Natrez Patrick arrested again according to jail report
Dec 04, 2017 - 01:12
Two years ago, Patrick was arrested on misdemeanor marijuana charges and suspended one game. Patrick was a passenger in a vehicle driven by wide receiver Jayson Stanley.

isis-killer-beheading-video-story-top Tiger Woods struggles as bogeys slow his comeback
Dec 04, 2017 - 01:10
Woods shot a 76 in the final round previous year , which left a bitter taste even after a showing in which he led the field in birdies.

isis-killer-beheading-video-story-top Guardiola asked to explain Redmond incident by FA
Dec 04, 2017 - 01:06
Redmond has since played down the incident, stating there was nothing aggressive or offensive in what Guardiola said to him. Guardiola said: "I have played against millions of managers and the different ways they play".