Gemini Exchange to See Amazon-Level Success Says, Winklevoss Twins, Facebook Crypto Is ‘Cool’
The Winklevoss Twins during their recent interview with ‘The Telegraph' discussed on various aspects including the current state of cryptocurrency, what they have been up to, their tryst with discovering Bitcoin early and Mark Zuckerberg.
The Winklevoss Twins have achieved it all, despite the Facebook debacle for which they are primarily known for. Winklevoss Twins got $20 million in settlements and $45 million in Facebook shares from Mark Zuckerberg (who allegedly stole their idea of a social network).
However, it was an early investment in Bitcoin that made them billionaires overnight during the 2017 price rise. The twins claim that the early investments have paid off and they are still doing fine, despite the prolonged crypto winter.
Cameron Winklevoss recalls an incident in Ibiza, back in 2012, where they were on a holiday when one kind stranger who had seen the “Social Network” asked him whether he was aware of a secretive digital currency only known to a selected few, which they use to trade on the internet. This introduced them to the world of Bitcoin.
The Big Bet
After doing their side of research the twins realized that Bitcoin can either boom to unexpected highs or perish, there was no middle ground. They decided to bet big on the technology which was known to very few at that time. So, they put a hefty sum of money in Bitcoin they have gained from the Facebook lawsuit. Ironically Facebook is looking to launch their own stable coin.
The Winklevoss Twins are quite secretive over the numbers, but looking at their billionaire tag, they belong to the very exclusive and elite list of crypto billionaires along with Coinbase's Brian Armstrong.
The recent longest crypto winter has impacted a lot of investors, but the Winklevoss twins seem to have learned quite a few trade tactics and say they are doing well despite the bearish trends.
They also go on to say that they don't look at the Bitcoin prices on a daily basis as it's not productive. They said that the price point does not bother them much as they invested in the entity at a time when it was priced a mere $8. The twins also advised people to stay away from the crypto trade market if they are not a big fan of price swings and volatility.
During the interview, they also talked about their crypto exchange Gemini they launched back in 2015. The Winklevoss twins believe that the exchange would become as big as Amazon in ten years.
The Badblood with Zukenberg is Far Behind
During the interview when asked about their reaction on Facebook launching their own stable coin, which would be pegged against the dollar, the brother thinks its “cool' that Facebook has decided to join on the crypto bandwagon, and they believe it would help the crypto space positively.
They also predicted that something bigger than Facebook is on the cards which would deserve a movie of their own in 25 years time. on the question of their equation with the Mark, the twins were quick to say that its all in the past and both of them have moved on to their next endeavors in life.
The Winklevoss twins and Mark Zuckerberg were doing their studies from the prestigious Harvard University. The twins allegedly asked mark to create a website for the college community to interact with, as Mark was well-known in the campus for his website, “FaceSmash.”
However, Mark allegedly hijacked the idea and created his own social media website called Facebook. This led to a number of lawsuits against the mark which he settled in later stages.
The Winklevoss twins invested the settlement amount into Bitcoin back in 2012 and reaped the riches in 2017. They became Bitcoin billionaires and later invested in a number of ventures and even opened their own exchange called Gemini.