Winklevoss twins used Zuckerberg's payout to become world's first Bitcoin billionaires

Bitcoin billionaires: Winklevoss twins' $11m bet on digital currency is now worth $1 billion

Winklevoss twins become bitcoin billionaires

Almost a decade ago, Cameron and Tyler Winklevoss successfully sued Mark Zuckerberg, claiming that he stole the idea of their ConnectU social network when creating Facebook. The digital currency hit a new high of $11,826.76 per coin on Sunday, according to data from Markets Insider, surpassing its previous high of around $11,300.

They were quoted by Financial Times as saying: "We see Bitcoin as potentially the greatest social network of all", said Tyler in 2016.

Bitcoin trading in Japanese yen accounted for about 58% of trading volume, while US dollar-bitcoin trading accounted for about 23%, according to CryptoCompare.

The Winklevoss twins are best known for their association with Mark Zuckerberg and Facebook.

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Their bet paid off hugely, with bitcoin having soared over 10,000 per cent after last week's price surge. When this digital currency first came out, no one would have predicted the kind of success it would gain. However, since they made the investment in 2013 the twins have never sold any Bitcoin, so why would they start now?

The twins first learned of bitcoin while on holiday in Ibiza in 2012, and launched their own digital currency exchange, called Gemini, in 2015. The Telegraph noted that the Winklevoss twins have been long-term Bitcoin bulls.

The big question now is if there's any more room left for Bitcoin to grow.

The meteoric rise of Bitcoin over the last few months has been simply unbelievable. 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 other words, they bought 11,000 Bitcoins. But Novogratz said Tuesday at CoinDesk's Consensus Invest conference that cryptocurrencies like bitcoin are "going to be the biggest bubble of our lifetimes". And the world just got its first set of Bitcoin billionaires.

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