Winklevoss Twins Buying Up HUGE Quantities of Bitcoins >>Hollywood

The Hollywood Gossip

Winklevoss Twins Buying Up HUGE Quantities of Bitcoins Apr 12th 2013, 17:07 Venture capitalists Tyler and Cameron Winklevoss, a.k.a. the Winklevoss Twins or Winklevii if you will, now claim to own about 1 percent of all bitcoins. That's about $11 million worth of the beloved, digital quasi-currency that has acquired a following among hackers, libertarians and other non-conformists. The Winklevoss twins, who are famous for suing Mark Zuckerberg over the idea for Facebook, are getting in the game at the peak of the bitcoin mania. They believe they're in "on the ground floor." "People really don't want to take it seriously. At some point that narrative will shift to 'virtual currencies are here to stay,'" Cameron Winklevoss told DealBook. "We're in the early days." The Winklevii aren't the only investors putting money into bitcoins. Other venture capital firms are investing in both bitcoins and bitcoin-related sites. This development may not be embraced by fans of the bitcoin movement, which is founded somewhat on avoiding traditional banks and banking. Its entire point is independence and status as a currency that has not been sullied by the financial system as it stands now ... or the likes of the Winklevii. Maybe they can by a $2 million bitcoin pizza and call it a day?

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