On Sunday, Bitcoin hit a record high of $11,826.76 per coin, which would put the Winklevii investment at over $1 billion-the Telegraph reports that the twins never sold a single coin of what they initially put in. Even JP Morgan's senior analyst Tom Lee has confirmed the optimistic estimates it wants to climb within five years to $ 25,000, endorsing his undisputed commercial success. Cameron Winklevoss and Tyler Winklevoss - the twin brothers who claimed in 2006 that Facebook was their idea plagiarized by Mark Zuckerberg - have earned that distinction.
It has been a rollercoaster ride for the digital currency in the past week.
Their bet paid off hugely, with bitcoin having soared over 10,000 per cent after last week's price surge. When it hit $11,000 this weekend, such a stake...
Winklevoss twins reportedly described the cryptocurrency as "better than gold".
United States regulator allows trading in Bitcoin related financial contracts
CME's nonmembers can trade the futures too, although they will be charged for higher service and exchange fees. But there are a couple of differences between bitcoin futures trading at the two exchanges.
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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 USA market with its sophisticated and professional trading platform. The Telegraph noted that the Winklevoss twins have been long-term Bitcoin bulls.
An increasing number of countries are now getting regulators to look at bitcoin and investing in blockchain, which legitimises the cryptocurrency.
The big question now is if there's any more room left for Bitcoin to grow. While some bitcoin users were afraid that Silk Road represented a significant amount of spending in the cryptocurrencies, the twins saw opportunity.
There is also a steady increase in interest from institutional investors. So yeah, looks like virtual currencies are here to stay.