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April 12, 2013
 

What’s cooler than a million dollars? Winklevoss twins claim to own 1 percent of all Bitcoin

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They may not have invented Facebook, but twin tech entrepreneurs Tyler and Cameron Winklevoss — better known to the world as the Winklevoss twins, or Winkelvii — are deep into the next big online trend. The brothers claim to have amassed one of the largest portfolios of Bitcoin in the world, worth around $11 million, or about 1 percent of the entire currency’s dollar value equivalent, as the New York Times Dealbook reports.

 That staggering amount comes in a little less than a year, as the brothers are only reported to have begun “dabbling” in Bitcoin starting last summer. “We have elected to put our money and faith in a mathematical framework that is free of politics and human error,” Tyler Winklevoss told Dealbook. The 31-year-old brothers also seem unfazed by the market’s tumult in the past few days: “People say it’s a Ponzi scheme, it’s a bubble,” Cameron said. “People really don’t want to take it seriously. At some point that narrative will shift to ‘virtual currencies are here to stay.’ We’re in the early days.”

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