How the Winklevoss Twins Found Vindication in a Bitcoin Fortune
- 6 years ago
How the Winklevoss Twins Found Vindication in a Bitcoin Fortune
“Gemini is an underappreciated exchange, one of the few exchanges I trust as a custodian,”
said Ari Paul, a managing partner at the virtual currency hedge fund BlockTower Capital.
Cameron, the left-handed Winklevoss brother, and Tyler, the right-handed one, followed
that with a risky bet: They used money from a $65 million settlement with Mr. Zuckerberg to load up on Bitcoin.
The brothers are also majority owners of the virtual currency exchange they founded, Gemini, which most likely
takes their joint holdings to a value well over $2 billion, or enough to make each of them a billionaire.
“We still think it is probably one of the best investments in the world and will be for the decades to come,” Tyler Winklevoss said.
Gemini got a license from New York State regulators
that allows them to hold Bitcoins for regulated banks and asset managers — something essentially no other virtual currency companies can do.
That turned them into the first prominent virtual currency millionaires in 2013,
back when Bitcoin was primarily known as a currency for online drug dealers.
“We’ve turned that laughter and ridicule into oxygen and wind at our back,” Tyler Winklevoss said in an interview last week.
“Gemini is an underappreciated exchange, one of the few exchanges I trust as a custodian,”
said Ari Paul, a managing partner at the virtual currency hedge fund BlockTower Capital.
Cameron, the left-handed Winklevoss brother, and Tyler, the right-handed one, followed
that with a risky bet: They used money from a $65 million settlement with Mr. Zuckerberg to load up on Bitcoin.
The brothers are also majority owners of the virtual currency exchange they founded, Gemini, which most likely
takes their joint holdings to a value well over $2 billion, or enough to make each of them a billionaire.
“We still think it is probably one of the best investments in the world and will be for the decades to come,” Tyler Winklevoss said.
Gemini got a license from New York State regulators
that allows them to hold Bitcoins for regulated banks and asset managers — something essentially no other virtual currency companies can do.
That turned them into the first prominent virtual currency millionaires in 2013,
back when Bitcoin was primarily known as a currency for online drug dealers.
“We’ve turned that laughter and ridicule into oxygen and wind at our back,” Tyler Winklevoss said in an interview last week.