Breaking records has become the habit of Bitcoin. The digital currency has now crossed the $11500 mark and is expected to rise more in coming days. With this latest milestone, Winklevoss Twins who sued Facebook founder Mark Zuckerberg for stealing their idea have become the first official Bitcoin Billionaires.
Winklevoss twins had won $65 million from the Facebook lawsuit and they invested a part of this amount- $11 million into cryptocurrency in 2013 which is now worth over $1 billion making them the first Bitcoin billionaires. At the time when they invested, the value of 1 bitcoin was only $120.
They have transformed themselves into Bitcoin entrepreneurs, and in October 2015, ‘Gemini’ a Bitcoin exchange owned by the pair, received approval to launch from the New York State Department of Financial Services.
The twins have never sold a single Bitcoin to date as they believe that the price of Bitcoin will increase more in the future. “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 told CNNMoney two years ago.
If Bitcoin prices continue to grow at the present speed, they are expected to get richer than Zuckerberg.