Winklevoss Twins: The First Verified Billionaire Bitcoin Holders?

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Bitcoin billionaires: Winklevoss twins' $11m bet on digital currency is now worth $1 billion

Cameron and Tyler Winklevoss are believed to be among the first bitcoin investors to pull in a billion-dollar return after the cryptocurrency's value surged to almost $11,500 on Monday.

Yesterday, bitcoin hovered close to an all-time high of US$11,800 set on Sunday after the United States derivatives regulator allowed CME Group and CBOE Global Markets to list bitcoin futures.

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 U.S. market with its sophisticated and professional trading platform.

Despite controversy surrounding the long-term implications of investing in bitcoin, the twins say they're committed to the digital currency.

Many bet big on Bitcoins and turned into overnight millionairess following recent price surge. When this digital currency first came out, no one would have predicted the kind of success it would gain. Back in 2013, they invested $11 million of the settlement in bitcoin, or what they claimed was about 1 percent of the entire cryptocurrency's dollar-value equivalent. "Still, the twins" early comments about bitcoin appear to have been prescient.

Bitcoin Cryptocurrency Is Booming
Winklevoss twins become bitcoin billionaires

LONDON, ENGLAND - OCTOBER 23: A visual representation of the digital Cryptocurrency, Bitcoin on October 23, 2017 in London, England. They've spent much of the last two years attempting to launch their own bitcoin exchange, a dream that was dashed by the Security and Exchange Commission this spring in its latest regulatory hurdle.

In August, Tyler Winklevoss stated that Gemini and his partners are focused on providing liquidity and a trading platform for institutional and retail investors.

Bitcoin has attracted interest from both ordinary investors and institutions. Last week it emerged that exchange operator Nasdaq could follow rival CME Group in launching bitcoin future contracts next year, a sign that professional investors are increasingly taking the asset seriously.

Whether this will affect how the coin is traded remains to be seen.

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