Assets, Bitcoin

Do the Winklevoss Twins Still Own Bitcoin?

When it comes to Bitcoin, the Winklevoss twins are probably the most well-known names in the cryptocurrency world. The brothers first gained notoriety back in 2004 when they sued Facebook founder Mark Zuckerberg for allegedly stealing their idea for the social media platform.

They were later portrayed by Armie Hammer and Josh Pence in the 2010 film “The Social Network.”.

In 2012, the Winklevoss twins made headlines again when they announced that they had invested $11 million of their own money into Bitcoin. At that time, each Bitcoin was worth about $120, so their investment was worth around 91,666 Bitcoins.

NOTE: Warning: The Winklevoss twins may no longer own Bitcoin. Investing in cryptocurrency is a high-risk endeavor, and investors should conduct their own due diligence before investing in any asset. Bitcoin is an unregulated asset, and there is no guarantee that the Winklevoss twins still own it. Investing in cryptocurrency carries a great deal of risk and investors should be aware of the potential for substantial losses.

Since then, the price of Bitcoin has skyrocketed and as of this writing, each Bitcoin is worth over $16,000. That means that the Winklevoss twins’ original investment is now worth over $1.4 billion!

The brothers have been very public about their support of Bitcoin and they even created their own cryptocurrency exchange called Gemini. They also launched a Bitcoin ETF (exchange-traded fund) which would have allowed investors to buy shares in a fund that tracked the price of Bitcoin.

However, the SEC (Securities and Exchange Commission) rejected their proposal.

So do the Winklevoss twins still own Bitcoin? The answer is yes! In fact, they’ve said that they plan on holding onto their Bitcoins for “a very long time.” It’s safe to say that their investment has paid off handsomely so far and there’s a good chance it will continue to do so in the future.

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