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The Winklevoss Connection

Written by Veldt Gold
Jul 22, 2013
Veldt Gold
Jul 22, 2013

The Winklevoss twins are back! These are the boys from Harvard who are most popularly known for rivaling their opponent, Facebook founder, Mark Zuckerberg. Cameron and Tyler Winklevoss are very talented young men, as they are also olympic rowers. Since the summer of 2012, these twins have accumulated what looks to be the single grandest portfolio of the digital money, BitCoin.

Silicon Valley and Wall Street have begun talking about these boys, as they are becoming some serious BitCoin moguls. This spring, the twins publicly disclosed their stake of nearly 11 million dollars worth of BitCoin. It seems that they are attempting to legitimized the beginning of a new currency, BitCoin.

Relatively, there are only a few places where Bitcoins can be used. The twins dream of average citizens using the digital currency to by their favorite caffeine cocktail at Starbucks. Recently, they have paid for services of a Ukrainian computer programmer who worked on their website in BitCoins.

They say, “We have elected to put our money in a mathematical framework that is free of politics and human error.”

The twins have somewhat of a reputation for investing in future tech. They began to show their colors early on, when they contracted Mark Zuckerberg to help them with their social tool, Connect U.

The boys have a lot of money. Therefore they have become significant players, especially when it comes to BitCoin. They settled their case with Zuckerberg by accumulating $20 million in cash, in addition to Facebook shares that are now worth more than $200 million.

Last summer, the value of Bitcoin was still in single digits. That’s when the twins took advantage of stockpiling the coins.

In order to keep their holdings safe from the corruption of hackers, the boys have taken the codes that contain their holdings off network computers. They’ve saved them on flash drives and hidden them in safes in the banks of three different cities.

It’s thought, that the twins aren’t alone in their mass of Bitcoin riches. Some early users of the system probably have holdings of at least as much.

Tyler Winklevoss has reacted to the skepticism of investors, “It has been four years and it has yet to be discredited as a viable alternative to fiat currency.”

Furthermore, he humbly admits, “We could be totally wrong, but we are curious to see this play out a lot more.”