Winklevoss Twins Are Billionaires Again as Bitcoin Surges

Vandana  |  Nov 7, 2020

For the past few weeks, Bitcoin seems to be in action and the price is increasing impressively. This is the reason why Winklevoss Twins, Tyler and Cameron Winklevoss again became billionaires as reported recently. It is noted that the twins have gone through a lot of ups and downs ever since they came in contact with Mark Zuckerberg. 

Back in 2013, the Winklevoss twins have brought Bitcoin worth $11 million. In 2017, when Bitcoin price reached its record-high, the twins became billionaires and it seems to happen again as Bitcoin price surges. 

Winklevoss Twins Did Not Reveal Their Wealth

Despite seeing a huge downtrend this year, Bitcoin somehow managed to recover and it has now more than doubled this year. The price has now reached $15,433 and it is still expected to increase more. Several reports claim that Winklevoss Twins worth around $1 billion each. However, they have completely denied to reveal or comment on their wealth. Along with Bitcoin, they own other cryptocurrencies as well that also includes Ether to it.  

Not only Winklevoss Twins, but there are also other established firms as well that have invested in Bitcoin lately. Square Inc. has revealed in the previous month that they have invested $50 million in Bitcoin. Now as the Bitcoin price increases, it seems that all the investors are going to get a pay off really soon. 

Money Printing and Uncertainty Lead to Increase in Bitcoin Price

According to one of the Winklevoss twins, the major reason why Bitcoin price is increasing rapidly is uncertainty across the world and money printing as well. Despite this, it is undeniable fact that cryptocurrencies are highly volatile and one cannot completely rely upon them. A lot of major industry players seem to be quite skeptical about cryptocurrencies and especially Bitcoin. The reason is this high volatility only. 

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