The Winklevoss Brothers, who became famous for a lawsuit against Facebook founder Mark Zuckerberg, lost $ 922 million in the past month after the decrease in the bitcoin rate.
Twin brothers Tyler and Cameron were the first in the world who earned a billion dollars in the bitcoin course. At the same time, they are not going to sell the crypto currency, considering this a long-term investment, and they predict a rise in the cost of bitcoin to $ 40 thousand.
The Winklevoss brothers bought the crypto currency in 2013 with funds received by court decision as compensation from Mark Zuckerberg. The creator of the largest social network paid the brothers in 2008 $ 65 million.
Recall that the Winklevoss accused Zuckerberg of having stolen from them the idea of Facebook, allegedly copying a code similar to the concept of the site HarvardConnection. As a result, the parties reached an amicable agreement.
Of the total amount received from Zuckerberg, the brothers spent $ 11 million to buy 10,000 bitcoins, which then cost about $ 120 for one token. The Telegraph reports that the appreciation made many early investors millionaires, but the $ 1 billion threshold was first exceeded by the Winklewosses.
Meanwhile, the digital currency market continues to recover on Friday after a sharp fall, while the world’s most popular crypto currency (bitcoin) is trading near the $ 11 thousand mark, according to the bidding data.
According to the portal of CoinMarketCap, as of 8.32 Moscow time, bitcoin went up by 2.28% to $ 11.62 thousand. At the Bitmex exchange, the currency grew by 2.2% to $ 11.4 thousand, while Bitfinex grew 1.6% up to $ 11.14 thousand.
After falling below $ 10K on Thursday, bitcoin moved to growth, exceeding $ 12K later. According to Spencer Bogart, head of research at Blockchain Capital, bitcoin showed its ability to survive turmoil while smaller crypto currencies are overvalued these days. For many people today, the expert believes, such stability of bitcoin is an excellent opportunity for buying.
Also, according to the data of CoinMarketCap, Ethereum’s crypto currency is growing by 1.47% to $ 1082, Ripple – by 4.6% to $ 1.66. Capitalization of the market is currently $ 591 billion. Bitcoin’s share is approximately 33.7% of the total market, Crypto-currency, Ethereum – 18%, Ripple – 11%.
