Twins become world's first bitcoin billionaires

Twins become world's first bitcoin billionaires

The twin brothers Tyler and Cameron Winklevoss are worth more than $1bn after capitalising on the astonishing rise in Bitcoin.

An $11m bet on Bitcoin made by Tyler and Cameron Winklevoss over four years ago has ballooned by almost 10,000pc after last week’s price surge. It is believed to be the first billion-dollar return made by a cryptocurrency investor, a landmark moment for the controversial asset, the Telegraph reported.

The Winklevoss bought 1% of the total amount of Bitcoin for the price of $11 million back in 2013. Since then, the price of a coin has seen nearly a 100-fold increase. The twin-brothers don't sell their assets intentionally as they regard Bitcoin as a long-term investment and a "better version of gold."

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