The Winklevoss Twins Are Now Bitcoin Billionaires (theverge.com)

The twin brothers who gained notoriety for suing Mark Zuckerberg over the claim that they started Facebook have done remarkably well in the wake of Bitcoin's record gains. From a report: Cameron and Tyler Winklevoss won $65 million from the Facebook lawsuit, and invested $11 million of their payout into Bitcoin in 2013, amassing one of the largest portfolios of Bitcoin in the world -- 1 percent of the entire currency's dollar value equivalent, said the twins at the time. Their slice of the Bitcoin pie is now worth over $1 billion after Bitcoin surged past $10,000 last week to now trade at $11,100, according to CoinDesk. The cryptocurrency has surged over 10,000 percent since the Winklevoss' investment, when one coin traded at around $120.

Comments

LOL

[Anonymous Coward]

Try selling that off. I guarantee they won't get anywhere close to $1 billion, as the price drops while selling.

I hope they didn't put it in Mt. Gox

[poached]

Because you know, that would be sad.

Reality of All Billionaires

[sycodon]

This is the same reality faced by Bill Gates, Bezos, Musk, Buffet, etc.

Billionaires don't have a billion dollars. In fact their actual income is quite modest compared to what you think when you say, "Billionaire". Wealth doesn't mean cash in your bank account.

To be sure, they have NO financial hardship, even if they spend like idiots. But they don't "have" a billion dollars in cash.