Sunday, December 3, 2017

Move over Bezos, Buffet, and Bill Gates, there are now some Bitcoin Billionaires to join your club

A new report was published on Dec. 3 which revealed that a couple of Bitcoin owners are now (at least on paper) billionaires due to the amount of Bitcoin they own, and the value of the cryptocurrency as it reached another new all-time high.

Among the myriad of large stakeholders in Bitcoin outside of the mysterious Satoshi Namamoto are the Winklevoss Twins, who in addition to being early adopters of the cryptocurrency, have been vying to use their holdings to try to create a Bitcoin ETF on the New York Stock Exchange.

The Winklevoss twins, Cameron and Tyler, have become the first Bitcoin billionaires, The Telegraph reported Sunday. 
The Winklevoss bought one percent of the total amount of Bitcoin for the price of $11 million back in 2013. Since then, the price of a coin has seen nearly a 100-fold increase. The twin-brothers don't sell their assets intentionally as they regard Bitcoin as a long-term investment and a "better version of gold." – Sputnik News
While research done on the blockchain shows that about 1% of the owners of Bitcoin wallets own over 99% of the current amount of mined Bitcoins, it would take holding approximately 100,000 Bitcoins to equate to $1 billion in USD.  And with this being said, there are a multitude of Bitcoin holders who have over 100 Bitcoins, making them Bitcoin millionaires. 

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