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Are Winklevoss twins investing in Bitcoin?

Read more: Winklevoss Twins’ crypto exchange is expanding into the U.K. In an August essay, the twins said they expect Bitcoin’s price to reach $500,000. “Inflation is coming,” they wrote. “Money stored in a bank will get run over.

How much did the twins buy bitcoin?

At the time, Bitcoin was still in its infancy, and traditional investors weren’t taking it seriously. Using the cash proceeds from their Facebook lawsuit, the twins bought $11 million worth of Bitcoin when the price was around $8 per unit.

How much did the twins get paid?

They settled in 2008 for $65m — half of which they took as Facebook stock. The identical twins ploughed their proceeds into the cryptocurrency market and aspire to create the world’s first bitcoin exchange traded fund, undaunted by knock-backs from the Securities and Exchange Commission.

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