Winklevoss News: 5 Things to Know About the Twin Billionaires

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With the rise of cryptocurrency, especially Bitcoin, a lot of people have already been making some serious money. But unlike other traders and investors, the Winklevoss twins have become richer than most.

Dubbed as the first Bitcoin billionaires, the Winklevoss twins are gaining a bit of popularity in the crypto industry and the entire world. Here are a few things about them that you might want to know.

  1. They are the first high-profile bitcoin billionaires in the entire world.

When the value of the biggest cryptocurrency in the world, Bitcoin, raised to a staggering $11,395 several years ago, the two Winklevoss bitcoin hoarders became the first-ever high-profile Bitcoin billionaires, with only other known Bitcoin account that has that much amount belongs to the faceless and mysterious Satoshi Nakamoto, the creator of cryptocurrency.

  1. They sued Mark Zuckerberg for stealing their “Facebook” idea.

When the Winklevoss twins were attending Harvard around 2000 to 2004, they claimed to have had the idea of a social network similar to Facebook, which they called the “Harvard Connect.” Later, they sued Mark Zuckerberg for stealing their idea in 2004, which later became a $65 million payout for the twins from Facebook in 2008.

In March 2013, the Winklevoss twins used about $11 million from their Facebook payout to purchase a massive cache of Bitcoin, which then later gave the Winklevoss twins net worth a giant boost.

  1. They purchased 1% of bitcoin supply.

As part of the risk the twins made in the biggest digital currency right now, they bought an estimated 1% of the finite Bitcoin supply of the entire world or around 100,000 bitcoins in 2013. During that time, each bitcoin was valued at about $120.

  1. They have been in the Olympics.
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Although the Winklevoss twins are now famous for their net worth, they were once champion rowers. The Winklevoss twins were even part of the US team, representing the country at the Beijing Olympics in 2008.

  1. They never sold anything from their Bitcoin hoard.

The Winklevoss twins made billions out of their original bitcoin hoard, and according to reports, the two have never sold any part of their digital currency collection. Instead, they were reportedly in favor of holding out for an exchange-traded fund that would hopefully launch in New York.

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Tyler and Cameron Winklevoss have been dubbed as the first believers of Bitcoin, and while their investment has reached the billionaire status, it’s still far from the $70 billion net worth of the Facebook founder Zuckerberg, who they sued before.

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