The Winklevoss Twins Just Became the First Ever Bitcoin Billionaires

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Twin brothers who invested $11 million from a settlement with Facebook became Bitcoin billionaires when the cryptocurrency topped $11,000 a coin recently, according to The Verge.

This year will be the most awesome year for Bitcoin, the digital coin that employs impressive coding techniques to verify the transfer of funds.

The digital currency hit an all-time high of $11,773.83, up 8% on the day, according to CoinDesk.

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 U.S. market with its sophisticated and professional trading platform.

In 2013, the twins used $11 million of the $65 million they pocketed when they settled the suit against Zuckerberg to buy bitcoins.

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Their bet paid off hugely, with bitcoin having soared over 10,000 per cent after last week's price surge.

The digital currency retraced some of its gains Sunday after hitting the peak. On Gemini, people could swap dollars and other cryptocurrencies for Bitcoins and vice versa.

It was also the twins' money that was responsible for sending bitcoin's market capitalization, now over $188.7 billion, north of $1 billion for the first time in March of 2013. A likely candidate: the mysterious father of bitcoin, known as Satoshi Nakamoto, who was the first to mine bitcoin at a time when it was far easier to unlock the cryptocurrency.

Interestingly, the venture capitalists pointed out that they have not sold a single bitcoin yet, with Cameron Winklevoss stating that the two of them are in for the long haul. The news broke barely days after NASDAQ's rival CME Group confirmed that it will allow Bitcoin futures contracts as of December 18th this year. In 2014, Mt Gox, then the world's largest bitcoin exchange, went bankrupt after hackers had stolen $460 million from the firm's online systems. After all, we already have our first Bitcoin billionaires.

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