Tags: winklevoss twins | billionaires | bitcoin

Winklevoss Twins Said to Become Billionaires Again on Bitcoin Surge  

Winklevoss Twins Said to Become Billionaires Again on Bitcoin Surge  
(Mikhail Primakov/Dreamstime)

Friday, 06 November 2020 06:08 PM

Tyler and Cameron Winklevoss reportedly are once again billionaires thanks to a surge in the price of Bitcoin.

The twins' fortunes have been on a roller coaster since they jostled with fellow student Mark Zuckerberg at Harvard University more than a decade ago, Bloomberg reported.

The twins bought $11 million worth of Bitcoins in 2013, according to the New York Times, and soon became evangelists, creating crypto exchange Gemini Trust Co. The 39-year-old brothers, who gained widespread fame following the release of the 2010 movie “The Social Network,” briefly became billionaires in 2017 when Bitcoin soared to a record before the volatile currency plummeted.

Bitcoin has more than doubled this year to $15,433, partly driven by fears that massive central bank easing and fiscal stimulus will debase currencies. Each of the twins is worth about $1 billion, according to the Bloomberg Billionaires Index.

Bitcoin has gained 115% this year amid central bank easing;  the twins were early investors in the cryptocurrency

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Tyler and Cameron Winklevoss reportedly are once again billionaires thanks to a surge in the price of Bitcoin.
winklevoss twins, billionaires, bitcoin
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2020-08-06
Friday, 06 November 2020 06:08 PM
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