The Winklevoss Twins Just Became The World's First Bitcoin Billionaires
05 December, 2017, 02:23 | Author: Melinda Barton
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. CBOE revealed on December 4 that it has received the approval from the US Commodities and Futures Trading Commission (CFTC) and will enable bitcoin futures trading on December 10.
Even though the surge in value of bitcoin has made many of its backers millions, the Winklevoss twins are believed to be the first public figures to have seen their investment hit $1bn.
These are probably the first billionaires emerging from the territory of the controversial currency, which seven years ago costed nothing and now is the right treasure of investment ...
Yesterday, bitcoin hovered close to an all-time high of US$11,800 set on Sunday after the USA derivatives regulator allowed CME Group and CBOE Global Markets to list bitcoin futures.
The Winklevii, as the two have been nicknamed, were early believers in bitcoin - and the large purchase of the cryptocurrency allowed them to control almost 1 percent of bitcoins.
Winklevoss twins become bitcoin billionaires
The Winklevoss twins now have an undisputed achievement to their name.
However, it seems Bitcoin's huge popularity is slowly gaining traction among private entities and financial regulators. However, it seems that Bitcoin keeps surprising us every day.
Assuming that the brothers have not sold any of those holdings, that stake in bitcoin is now worth well over $1 billion, given the cryptocurrency's price Monday of about $11,500.
There is also a steady increase in interest from institutional investors. As of 8.05 a.m. GMT (3.05 a.m. ET), bitcoin is up 2.79% against the dollar to $11,554.83. 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. And the world just got its first set of Bitcoin billionaires.
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