Bitcoin Rally Makes Winklevoss Twins Billionaires Again, But ‘Real Euphoria’ Isn’t Here Yet

CRYPTONAIRE LYWEEK

CRYPTO investment journal

Bitcoin Rally Makes Winklevoss Twins Billionaires Again, But ‘Real Euphoria’ Isn’t Here Yet

Bitcoin is had a great week, having seen an increase of more than 20% in its price.

Up 115.23% YTD, not only the digital asset, climbed to the level (almost $16,000) not seen since early January 2018, but it has now also run up above $10,000 for over 100 days.

With the leading digital currency back in the game, bitcoin holders, investors, and traders are having a great time.

These gains have made the Winklevoss twins billionaires yet again. Tyler and Cameron Winklevoss, the founders of crypto exchange Gemini, bought $11 million worth of BTC in 2013, who briefly became billionaires when BTC soared to its peak of $20,000 in December 2017.

According to the Bloomberg Billionaires Index, each of the brothers, who also own other cryptos including Ethereum, is now worth about $1 billion.

“The price of Bitcoin is being driven by all of the money printing and uncertainty in the world right now,” said Tyler Winklevoss, the CEO of Gemini, the exchange that recently got its application for an electronic-money license approved from the Financial Conduct Authority, to expand into the UK market.

Back in August, the twins predicted that the Bitcoin price would reach $500,000 because “inflation is coming,” and while money stored in banks will get run over, money stored in bitcoin “will run the fastest, overtaking gold.” Read more...