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Winklevoss Twins are Big in Bitcoins

Apr 12 2013, 7:00am CDT | by , in News | Technology News

Winklevoss Twins are Big in Bitcoins

The Winklevoss Twins are back in the headlines. The pair is well known from their fight with Mark Zuckerberg over the Facebook idea. Now they are big Bitcoin moguls.

The virtual currency Bitcoin is making big waves these days. After a huge rally the Bitcoin has hit an all time high of over $266. Then yesterday it dropped by about 50%. The Winklevoss Twins are not moved by this crazy volatility and actually bought more. According to New York Times, the Winklevii own about Bitcoins at the value of $11 million.

Bitcoin was created by an anonymous Japanese person or group. To earn Bitcoins you need to solve mathematical riddles. Bitcoins can be traded on several exchanges.

If Bitcoin really will the future government independent currency remains to be seen. I am pretty sure that governments will step in when Bitcoin reaches a size that it will really compete with traditional currencies.

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