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Bitcoin News

We hold Bitcoin until at least $500,000

Cameron and Tyler Winklevoss are still extremely bullish on Bitcoin. The twins are not only major investors, but are also the founders of the crypto exchange Gemini. The Winklevoss brothers are among the best-known investors who joined Bitcoin & Co.early on.

In December, Tyler said that BTC could rise extremely should Tesla CEO Elon Musk decide to invest in the crypto asset. A few months later, Tesla owns $ 1.5 billion worth of Bitcoin, which resulted in a steady increase in price.

But as it turned out, Musk was also the one who triggered the price drop when he announced that Tesla would suspend Bitcoin payments for its vehicles due to the environmental impact of mining.

The billionaire ended up facing quite a bit of criticism and was accused of deliberately manipulating the Bitcoin price as he is aware of the influence he exerts on crypto investors. Bitcoin is currently struggling to recover back above $ 40,000. The digital asset is worth just under $36,000 today.

As mentioned earlier, the Winklevoss twins got into cryptocurrencies quite early and are still in big profit despite the drastic decline of Bitcoin. They gave a speech at a conference eight years ago when the coin was worth just about $150 and said that Bitcoin was the future. Their combined net worth shot up to $ 6 billion, showing that their long-term approach has paid off massively.

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