Are the ‘Winklevii’ becoming the Bitcoin Hunt Brothers?
Are the ‘Winklevii’ becoming the Bitcoin Hunt Brothers explained by professional Forex trading experts the “Are the ‘Winklevii’ becoming the Bitcoin Hunt Brothers” FX trading team.
Are the ‘Winklevii’ becoming the Bitcoin Hunt Brothers?
Reports have surfaced that Cameron and Tyler Winklevoss, better known as the Winklevoss Twins or simply as the ‘Winklevii’ (thanks to Homer Simpson) have come to own a whopping 1% of all the Bitcoins on the market, worth in the neighborhood of $15 million. The Winklevoss twins earned fame for their role in the creation of Facebook, and the acrimonious lawsuit and reported $65 million settlement with the company which was captured in the 2010 movie The Social Network.
As we reported last week, the Bitcoin market bubble has burst following an amazing runup in the value of Bitcoin from just $7 in August to top $266, before settling back in the $75-$100 range by the end of last week. (As of the time of this writing, Bitcoins were being traded at about $90).
What happens if Bitcoins don’t recover, or fall back further? It appears that the Winklevii’s cost basis in their Bitcoin stake is well below current market prices, but that can change in a hurry.
Are the ‘Winklevii’ becoming the Bitcoin Hunt Brothers Conclusion
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