Bitcoin Just Made The US Olympic Winklevoss Twins Billionaires

Winklevoss Twins Billionaires

This weekend, Bitcoin hit a record high of just over $11,800 and made billionaires of the US Olympic rowing twins Tyler and Cameron Winklevoss.

Bitcoin hit major snags last week, as its top exchanges dealt with system issues. At one point, its price dropped to a low of -16 percent in just a couple of hours. Since then, the cryptocurrency has rebounded and hit a record high yesterday of $11,855.70, passing its previous record of $11,517, back on November 29th. It is currently trading at $11,314.10 down -3.85 percent in 24 hours.

Source: coinmarketcap.com

It has been a monumental year for the cryptocurrency, as you tell by the chart above. Last week it was announced that Nasdaq has plans of launching Bitcoin futures mid-2018 and following CME which plans to launch the very first bitcoin futures on December 18th. It is the first indication that big-time professional investors are taking cryptocurrency seriously.

This weekend, the price of Bitcoin made the Winklevoss twins the very first Bitcoin billionaires. Back in 2013, they announced to the public that they owned $11 million worth of Bitcoin. As per the chart above, you can see that Bitcoin has risen well over $1,000 percent this year. They also are long-time investors in the large cryptocurrency exchange Gemini.

Featured Image: facebook

Chelsea Roh is a freelance content writer living in Vancouver, BC. Her current focus is cryptocurrency, financial analysis and blockchain technology. In addition to content writing, she is an experienced Social Media Manager/Strategist. Before moving to Canada, she spent 10+ years marketing and working hands on in the medical practice industry.