The Winklevoss Brothers’ Wealth Doubled

The Winklevoss Brothers' Wealth Doubled

According to a Bloomberg report on June 27, the fortunes of the twin brothers Tyler and Cameron Winklevoss, known as the Bitcoin bulls of the crypto money market and the founders of the Gemini crypto money exchange, have nearly doubled after the recent Bitcoin movements and reached $ 1.45 billion.

Bitcoin Billionaires

The wealth of Winklevoss twins, one of the first names to invest in Bitcoin, has reached its highest level since March 2018, according to statements. In addition, the wealth of twins, which was 654 million dollars in January 2019, increased by 120% with the recent movements. So the current Bitcoin rally Winklevoss brothers once again made the Bitcoin billionaire.

On the other hand, the price of Bitcoin continues to increase rapidly. Even though it went down after more than $ 13,000 yesterday, analysts say the graphs nowadays are in line with the 2017 bull run charts.

Rise of Bitcoin

Satoshi Nakamoto’s Bitcoin (BTC), still maintains its leadership among other cryptocurrencies relative to the total market value and, unlike many people’s statements and forecasts, increases its value day by day. BTC, which doubled its value especially during April and May, managed to throw itself above $ 9,000 after a slight decline in June.

In addition, Qiao Wang, product manager at Messari, the crypto start-up, sent an e-mail to Bloomberg about the situation:

Trust in the market is definitely going back. The last time the price reached $ 13,000 is the biggest difference between today; This is because the market is now much more rational.

Wang also points out the uncertainty of the trade war between China and America as a reason for the strong performance in the cryptocurrencies:

Bitcoin is digital gold and is intended to protect against inflationary economic crises. If investors believe in this thesis, they should start accumulating Bitcoins and keep these Bitcoins for years to come. They should not perform frequent transactions or input/output.

In addition, Tyler Winklevoss made a statement on his Twitter account on June 19 that Bitcoin would easily see $ 15,000 if he broke the $ 10,000 threshold.

Bitcoin Rise Continues

Nowadays, although the agenda in the crypto currency sector may seem like the social media giant Facebook’s crypto currency project called Libra, Tyler Winklevoss, one of the partners of Gemini crypto money exchange, drew attention again to Bitcoin. Tyler bet that the next target would be $ 15,000 if Bitcoin broke the much anticipated $ 10,000 level.

Bitcoin Forecast by John McAfee

 Winklevoss’s tweet was naturally widely spoken and received serious interaction. One of the most popular names in the industry was John McAfee. McAfee hinted that he would be sure it would exceed $ 1 million if BTcoin exceeded $ 100,000, and he mocked a bit of Winklevoss.

Gina James

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