The Winklevoss twins, Tyler and Cameron, are well-known figures in the world of cryptocurrency. They shot to fame in 2013 after claiming to own 1% of all bitcoin in existence at the time. Since then, they have been vocal advocates of bitcoin and have invested heavily in the digital currency.
So, how many bitcoin do the Winklevoss twins currently own? According to reports, the twins’ bitcoin holdings are estimated to be worth around $1.6 billion. However, the exact number of bitcoin they own is not known.
The Winklevoss twins first invested in bitcoin in 2012, when the price of one bitcoin was around $10. They reportedly purchased around 120,000 bitcoins at the time, which would be worth around $4.5 billion today. However, it is not clear how many of these coins they still hold.
In 2013, the twins started the Winklevoss Bitcoin Trust, an exchange-traded fund (ETF) that would allow investors to buy shares in a fund that held bitcoin. However, the US Securities and Exchange Commission (SEC) rejected the ETF application in 2017, citing concerns about market manipulation and lack of regulation in the bitcoin market.
Despite the setback, the Winklevoss twins continued to invest in bitcoin and other cryptocurrencies. They founded Gemini, a cryptocurrency exchange, in 2015, which has since become one of the largest exchanges in the US. They have also invested in other blockchain-based companies, such as Nifty Gateway, a platform for buying and selling digital art.
The Winklevoss twins have been vocal proponents of bitcoin, calling it “digital gold” and predicting that its price could reach $500,000 or even $600,000 per coin. They argue that bitcoin is a hedge against inflation and that its fixed supply of 21 million coins makes it a scarce asset.
However, critics have argued that bitcoin is too volatile and risky for most investors, and that its lack of regulation and centralization make it a prime target for fraud and hacking. They also point out that the Winklevoss twins’ wealth is largely tied to the price of bitcoin, which could plummet at any time.
In conclusion, the exact number of bitcoin that the Winklevoss twins own is not public knowledge, but it is estimated to be worth around $1.6 billion. The twins have been vocal advocates of bitcoin and have invested heavily in the digital currency, as well as other blockchain-based companies. While some see bitcoin as a risky investment, the Winklevoss twins believe that it is a valuable asset that could appreciate significantly in value over time.