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Tyler and Cameron Winklevoss, the co-founder of a major American cryptocurrency exchange now a billionaire, thanks to the surge in Bitcoin prices.
The brothers had previously bought $ 11 million worth of Bitcoin in 2013, according to the New York Times, and soon became crypto-evangelists, building the cryptocurrency exchange Gemini Trust Co.
The 39-year-old siblings, who rose to fame following the release of the 2010 film, “The Social Network,” briefly became billionaires in 2017 when Bitcoin soared to a record high before plunging to all-time lows.
In a report credited to Bloomberg, each of the twins is estimated to be worth around $ 1 billion.
What you should know
- At the time of writing this report, Bitcoin’s price was trading at $ 15,029.58 with a 24-hour trading volume of $ 30.2 billion.
- The price of BTC has dropped -3.5% in the past 24 hours. It has a circulating supply of 19 million coins and a maximum supply of 21 million coins.
What to expect
Nairametrics believes the flagship cryptocurrency valuation could certainly rise in the elevated global quantitative easing program, which is a matter of time before it pushes Bitcoin prices, according to Gemini co-founder and CEO Tyler Winklevoss.
“The Fed continues to prepare the ground for the next bitcoin bull run “, Winklevoss said in a tweet on July 22 that included a link to the article about the government agency’s discussions of further stimulus spending.
What they are saying
According to Winklevoss, there has never been a better time to buy bitcoin than now that the government is involved in stimulus packages that are meant to pump money into the system.
In an August essay, the Winklevoss brothers explained why they expect Bitcoin’s price to reach $ 500,000.
“Inflation is coming. Money stored in a bank will be invested. Money invested in assets such as real estate or the stock market will keep pace. Money stored in gold or Bitcoin will overcome the scourge. And the money stored in Bitcoin will run gold faster, overtaking ” they said.
