When you think of the Winklevoss twins – Tyler Winklevoss and Cameron Winklevoss – one of two things probably comes to mind: 1) they helped start Facebook or 2) they are Bitcoin billionaires.
After securing over $ 20 million from Facebook and 1.2 million Facebook shares, they put a significant portion of their assets in Bitcoin after learning about the cryptocurrency.
Until 2013, they stated that they had about one percent of the total BTC in circulation at that time, which would make up about 0.6-0.7 percent of all coins in circulation today. (Some say the twins have 120,000 bitcoins that are worth a little over $ 1 billion at the time of the article).
But according to a new interview, the Winklevoss twins, who both run the Gemini exchange, are also Ethereum whales.
The Winklevoss twins hold a “material” amount of ETH
Tyler and Cameron Winklevoss have largely focused on promoting Bitcoin, with several of their tweets going viral recently, which revealed that they have a large inventory of Ethereum. Speaking to Camila Russo, a former Bloomberg journalist who became an Ethereum-oriented media personality, Cameron Winklevoss said:
“We definitely have a lot of ether. They are large and it is a material quantity. Yes, pretty big […] A couple of years ago we took a concerted effort to buy a lot of ether. ”
The exact size of their investment has not been released, but Cameron added that their Ethereum holdings are in the “same galaxy” as their Bitcoin holdings.
This could mean one of two things: 1) they own the cryptocurrency worth about $ 1 billion, or 2) they own about one percent of all ETH in circulation, which is roughly ~ 230 million dollars.
Why are the twins so optimistic about Ethereum?
Anyway, whether it’s ~ $ 1 billion or $ 230 million, why are you so optimistic?
In their opinion, it largely boils down to decentralized funding – better known as DeFi. In an interview with Russo, Cameron said he considered DeFi a “new perspective [für Blockchain], a new type of system for which Bitcoin paved the way ”. Decentralized finance addresses their general vision about cryptography.
Proof of text: cryptoslate
display
–
Top brokers to buy and trade cryptocurrencies
—
- Test winner in the CFD broker comparison
- Large selection of cryptos
- Deposit and withdrawal with PayPal and many more
–
Reviews
–
—
