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| comment | | "parent_author":"",<br>"parent_permlink":"cryptocurrency",<br>"author":"chichano",<br>"permlink":"winklevoss-twins-used-facebook-payout-to-become-bitcoin-billionaires",<br>"title":"Winklevoss Twins Used Facebook Payout to Become Bitcoin Billionaires",<br>"body":"Tyler and Cameron Winklevoss\u2014the brothers who tried and failed to gain control of Facebook after alleging that it had been appropriated from them\u2014have rebounded big-time.\n\nThe Winklevoss twins own one of the largest portfolios of Bitcoin in the world\u2014and recent surges in the digital currency\u2019s value have put the value of that portfolio at over $1 billion. That\u2019s an impressive return on an $11 million investment just four years ago.\n\nThe brothers have reportedly not sold a single one of their Bitcoins,<br> sitting on them and watching them accrue value. And it\u2019s been a stunning thing to witness: when the Winklevoss\u2019s invested in Bitcoins,<br> the currency was trading at just $120. As of Monday morning,<br> a single Bitcoin\u2019s value was $11,<br>247,<br> according to Coindesk.\nThat investment money came from the $65 million the brothers\u2019 won in a lawsuit against Facebook in 2011. The brothers had claimed Mark Zuckerberg stole their idea for a social networkwhile all three were undergraduate students at Harvard,<br> a fight that was featured in the film aptly titled The Social Network.\n\nHowever,<br> the twins have bigger designs on Bitcoin than just accruing wealth in their holdings. Earlier this year,<br> they attempted to create an ETF for Bitcoin,<br> but fell short after the U.S. Securities and Exchange Commission rejected the application,<br> citing the possibility of fraud. Had they been successful,<br> it would have opened the door to institutional investing in the currency.\n\nWhile the Winklevoss twins certainly have reason to celebrate the milestone,<br> they\u2019re still ways away from joining the rarified air their old frienemy Mark Zucker![104540152-GettyImages-675648076-winklevoss.1910x1000.jpg (https:\/\/steemitimages.com\/DQmUwd7B1kyUcJNYaU2ivu4AKEuStnxQUgqRaXYPiztfhz6\/104540152-GettyImages-675648076-winklevoss.1910x1000.jpg)berg enjoys. Forbes puts his value at $71 billion.",<br>"json_metadata":" \"tags\":[\"cryptocurrency\",<br>\"bitcoin\" ,<br>\"image\":[\"https:\/\/steemitimages.com\/DQmUwd7B1kyUcJNYaU2ivu4AKEuStnxQUgqRaXYPiztfhz6\/104540152-GettyImages-675648076-winklevoss.1910x1000.jpg\" ,<br>\"app\":\"steemit\/0.1\",<br>\"format\":\"markdown\" " |
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