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The Winklevoss twins are the first bitcoin billionaires

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The Winklevoss twins are the first bitcoin billionaires
December 01
09:00 2017

The British journalists from the popular newspaper The Sunday Telegraph published a sensational article to some extent. It was about the first billionaires in history, who had made a fortune due to cryptocurrencies. So, the twin brothers Tyler and Cameron Winklevoss have become the first official billionaires. The public is familiar with the twins thanks to the film The Social Network directed by David Fincher. The movie tells the story of the creation and formation of Facebook.

Indeed, the brothers have a long trial with Mark Zuckerberg because the prototype of the social network was essentially copied from another one owned by the Winklevoss. After receiving an impressive compensation from Facebook (in the amount of $ 65 million), Tyler and Cameron decided to invest significant funds in the development of the cryptocurrenies.

About four years ago, the brothers bought bitcoins for 11 million US dollars. Then the exchange rate of the most popular and widespread cryptocurrency was fluctuating at around $ 120. To date, Tyler and Cameron own one percent of all bitcoins in the world due to such a significant investment. When last week the exchange rate of the cryptocurrency broke another record – 11,400 dollars per unit of the cryptocurrency, the brothers became official billionaires.

The Sunday Telegraph notes that this is the first billion, officially earned on cryptocurrencies. This is a landmark event for such a complex and contradictory market.

The Winklevoss say that they are not going to sell their bitcoins, considering the investments of four years ago to be long-term.

As a reminder, a bitcoin was created by a group of programmers or a programmer named Satoshi Nakamoto about ten years ago. At the moment this is the most popular and well-known alternative to traditional currencies, which has no regulatory and issuing centers.

The material was prepared with the participation of Darina Belova,
a leading analyst of the brokerage company CT Trade

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