At only 36 years old, the twins brothers Tyler and Cameron Winklevoss became the first Bitcoin billionaires by starting to invest on the virtual currency early in 2013. And this since their lawsuit against Mark Zuckerberg about the creation of the famous Facebook social network. The two Winklevoss brothers had seeked for Mark Zuckerberg help to develop their ConnectU social networking project to connect Harvard students. Unknowingly, the hooded geek whose computer skills are already famous on campus, launched Facebook a few months later.
Real Bitcoin pioneers
Born in Southampton, New York, the twin Winklevoss brothers embody both the mindset and the profile of the great patrician families of the United States. That’s why they are real American businessmen, and they were not afraid to invest in a risky bet. Note that in 2013, virtual currency was largely unknown and extremely volatile. However, the Winklevoss brothers have chosen to shine more, with their business acumen. So they bought 1% of the reserves of this cryptocurrency at $ 120 a unit at a price of $ 11 million at the time by predicting an explosion of this virtual currency.
And they were right since the Bitcoin value has been multiplied by at least 100 since the beginning of this year. Moreover, the twins claimed that this cryptographic currency is currently an improved version of gold, and that their investment has a long-term aspect.
The Bitcoin's value explosion
On November 29th, bitcoin, the world’s most famous and most widely used cryptocurrency, smashed a new historical record. Indeed, the value of the unit of this currency crossed 11 441 dollars or more accurately 11 800 dollars according to the unofficial course. A situation that automatically transforms the two brothers’ initial bet in billion dollars.
What will happen if Bitcoin collapses?
The two famous brothers said they believe deeply in this virtual currency and that it will be sustainable. And those words were not empty words. Actually, just three years after this interview, they created Gemini, a New York based Bitcoin Exchange. That’s their way to promise investors, an absolute security for their money. The type of security that will outperform even that of a bank account. On the Gemini site, one of the twin brothers, Tyler Winklevoss, wrote that their aim was to bring together as many security experts, technicians and engineers as possible. They will thus, be able to build a world-class stock exchange that will prioritize security. Note that the promise of a cryptographic currency could easily remain just a theory without the establishment of a highly secure ecosystem.