By The founders of the Gemini cryptocurrency exchange, Tyler and Cameron Winklevoss, have seen their riches more than double, hitting a combined fortune of $1.45 billion following the recent crypto market surge. Bloomberg reported the news on June 27.
BTC bulls and early investors in crypto, the twin’s fortune now sits at its highest since March 2018 and has spiked by an outstanding 120% from $654 million as of January 2019, as per Bloomberg.
The most recent bitcoin bull run has seen the twins reclaim their status as “bitcoin billionaires” once more.
As the price of bitcoin continues to surge, spiking past the $13,000 price mark in a matter of hours during yesterday, many crypto experts have been citing connections to BTC’s historic bull run in 2017.
Qiao Wang — director of product at crypto data startup Messari in an email to Bloomberg stated:
“…confidence is certainly returning. The difference between now and the last time Bitcoin reached $13,000 is that the market is currently far more rational.”
Furthermore, Wang argued that Bitcoin’s recent impressive performance is in part attributed t macroeconomic and geopolitical, citing the devaluation of the Chinese yuan, as well as the U.S Federal Reserves, expected pursuance of an expansionary monetary policy agenda as two cases in point. He stated:
“Bitcoin is digital gold and a hedge against inflationary economic crises. If investors believe in this thesis, they should slowly accumulate Bitcoin and hold it for years to come. They should not go all-in or trade frequently.”
The Gemini founders are also the subject of a new biography called “Bitcoin Billionaires: A True Story of Genius, Betrayal, and Redemption” which alludes to their infamous and long dragging settlement with Facebook’s founder Mark Zuckerberg over the part they played in the social media giants success.
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