You are browsing the archive for Winklevii.

by admin

The $11 million in bitcoins the Winklevoss brothers bought is now worth $32 million

November 11, 2013 in Bitcoin, Investing, News, Virtual currency

By: Timothy B. Lee The Switch. Nov, 9th, 2013. (http://www.washingtonpost.com)

A lot of people laughed at Tyler and Cameron Winklevoss when they announced in April that they had acquired $11 million worth of bitcoins. The announcement came on April 11, the day after the virtual currency hit a record high of $266 and then plummeted to $120. Over the next few days, it would fall as low as $50, cutting the value of the brothers’ bitcoin stake in half.

But since then, their investment has paid off big-time. A source close to the Winkelvoss brothers says they haven’t sold any of their Bitcoins since April. Bitcoins are now worth $350, almost three times the $120 the New York Times quoted in its April 11 story. So that $11 million worth of bitcoins is now worth around $32 million.

Full Article at source>

 

Share Button

by admin

Winklevoss twins: Bitcoins better than gold

September 20, 2013 in Bitcoin, Digital Currency, Gold, Investing, News, Virtual currency

By Maureen Farrell   @CNNMoneyInvest  (http://money.cnn.com) September 17, 2013

NEW YORK (CNNMoney)

Tyler Winklevoss, one half of the duo known in popular culture as the Winklevii, thinks that the cybercurrency Bitcoin may be a better long-term bet than gold.

“It’s gold 2.0,” he said in a presentation at the Value Investing Conference in New York Tuesday.

Tyler and his brother Cameron, who shared the stage, outlined the bull case for bitcoins. They have been investors and are aspiring Bitcoin entrepreneurs. The twins recently filed paperwork with the SEC for a Bitcoin exchanged traded fund.

Full article at source>

Share Button
Translate »