Home Business NewsTech News Facebook follow-up! Winklevoss twins make $11m from Bitcoin

Facebook follow-up! Winklevoss twins make $11m from Bitcoin

by LLB Editor
12th Apr 13 11:39 am

Cameron Winklevoss and Tyler Winklevoss

Keen rowers Cameron Winklevoss (L) and Tyler Winklevoss at an event at Oxford University

The Winklevoss twins, Cameron and Tyler, who accused Facebook founder Mark Zuckerberg of stealing their social network idea, claim they own 1% of all Bitcoins.

The brother, who are venture capitalists, claim their stake in currency is worth $11m.

Bitcoin is a type of online currency that can be exchanged for dollars and vice versa.

Speaking to the New York Times, Cameron Winklevoss said, “People really don’t want to take it seriously. At some point that narrative will shift to ‘virtual currencies are here to stay.’ We’re in the early days.”

The brothers also claim they paid a Ukranian computer programmer in Bitcoin for his work on the twins’ website.

“It has been four years and it has yet to be discredited as a viable alternative to fiat currency,” Tyler Winklevoss said. “We could be totally wrong, but we are curious to see this play out a lot more.”

The pair settled with Zuckerberg over their Facebook dispute for $65m.

Leave a Comment

CLOSE AD

Sign up to our daily news alerts

[ms-form id=1]