Winklevoss: Bitcoin Payment System Worth $400 Billion
The bull case for Bitcoin is often expressed as an estimate of the future value of all Bitcoins in circulation once it reaches its potential. The most widely known estimate of its intrinsic value is $400 billion made November 2013 by the Winklevoss twins Cameron and Tyler at the “New York Times” Dealbook Conference. At that valuation Bitcoin would be worth 70 times its current value of $5.7 billion. That’s based on an April 8, 2014 price of $453 per coin for the 12,620,475 Bitcoins in circulation. Clearly, there’s a long way to go to reach $400 billion. So, how did the Winklevoss twins....
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A new regulatory filing with the Securities and Exchange Commission (SEC) indicates that Cameron and Tyler Winklevoss are planning to have their Winklevoss Bitcoin Trust exchange traded fund (ETF) listed on the NASDAQ stock exchange. If the SEC gives its final approval, investors will be able to buy into the fund and participate by owning "shares" of bitcoins. The filing is an amendment to a series of documents that the ETF has submitted to the SEC in order to get the fund off the ground. It was initially registered with the SEC last July. Math-Based Asset Services. The Winklevoss Bitcoin....
Tyler and Cameron Winklevoss have revealed that they have personally invested in ether, the digital asset that powers the Ethereum blockchain. The announcement follows on the heels of news the New York State Department of Financial Services (NYDFS) said it will allow the brothers to add an Ethereum trading product to their digital currency exchange, Gemini. In interview, Tyler Winklevoss said he wanted to make clear their investment as part of the disclosure surrounding next week's launch. Winklevoss told CoinDesk: "We are invested. We own ether." Winklevoss said he and his....
Injecting an additional US$65m into the ecosystem would push the market cap up a bit. That said, it is possible the Winklevoss twins will use a part of their own Bitcoin stash for this project. The SEC has published a document on the Winklevoss Bitcoin Trust, which is set to issue its own shares to investors. The primary objective of this Trust is to hold Bitcoin, and the initiative is sponsored by Digital Asset Services, LLC. The name Winklevoss has been synonymous with Bitcoin for quite some time now. Tyler and Cameron Winklevoss launched their own Bitcoin exchange, called Gemini,....
Forbes has named the six biggest winners of this latest cryptocurrency rally, including the Winklevoss brothers and Bloq’s Matthew Roszak. Major business magazine Forbes has featured Gemini co-founders Cameron and Tyler Winklevoss as the richest Bitcoin (BTC) billionaires.Compiled by Forbes crypto-focused reporter Michael del Castillo, the ranking provides a list of Bitcoin investors that won the most from Bitcoin’s massive surge up to $42,000 in early January 2021. The ranking includes three Bitcoin investors with an estimated crypto net worth above $1 billion, including the Winklevoss....
The Winklevoss twins are betting big on bitcoin. The duo - who infamously won a multimillion dollar settlement from Facebook following claims Mark Zuckerberg had ripped off their idea - says that bitcoin could very well become bigger than Facebook, says The Guardian. Facebook, of course, is the world's largest social network - with a user base exceeding one billion. The two came to learn about bitcoin whilst on holiday in Ibiza, saying they were "fascinated from day one." And while bitcoin's $5.67 billion market cap doesn't come close to touching Facebook's $150 billion cap, the....