12-04-2017, 05:05 PM
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#725
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El Gato Gordo Loco
Join Date: Apr 2006
Location: Earth
Casino cash: $2051241
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Quote:
Originally Posted by Hog's Gone Fishin
ChiefRocka , now we know your real name:
Cameron and Tyler Winklevoss used $11 million from their $65 million payout from their Facebook lawsuit against Mark Zuckerberg to invest in bitcoin back in 2013. At that time, the cryptocurrency was priced around $120 and the Winklevoss twins claimed to own almost 1% of all bitcoin in circulation. The price of a single bitcoin is above $11,000 now and the cryptocurrency’s market capitalization is $187.6 billion, as of this writing. Hence, the total value of bitcoins held by the twins is worth more than one billion dollars.
In an interview with the Financial Times last year, the Winklevoss twins said they “see bitcoin as potentially the greatest social network because it is designed to transfer value over the Internet.” They claim bitcoin is better than gold and “matches or beats” the precious metal across its nine foundational traits, such as scarcity and portability.
Read more: Winklevoss Twins Are Bitcoin's First Billionaires | Investopedia https://www.investopedia.com/news/wi...#ixzz50IfXmSxr
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Good for them. That sniveling weasel stole their idea for Facebook, and now they get this good fortune.
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