Revealed Names of First Bitcoin Billionaires Send Social Media Users Into Frenzy

Entrepreneur duo famous for suing Facebook's Mark Zuckerberg becomes first Bitcoin billion

Their settlement consisted mostly of pre-IPO Facebook stock. A 20 percent drop would leave the two with a net worth of only $800 million.

It is unclear as to when exactly they invested in the cryptocurrency and the trading fluctuates. At the time, the investment was widely laughed at.

Now there are now two twins who are smiling all the way to the bank all thanks to Bitcoin's unprecedented growth. Just take your (arguably undeserved) settlement and go away!

The Winklevoss Twins are among the first backers of Bitcoin, purchasing $11 million worth of bitcoins in 2011, which amounted to about 1 percent of the total amount of BTC in circulation at that time.

In a massive rebound from a 20% plunge last week, bitcoin surged Sunday to a record high above $11,700 U.S. In an interview with the Telegraph, Tyler noted that bitcoin is a better version of gold, sharing the same sentiment as other investors and analysts in the space, including Apple co-founder Steve Wozniak.

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The astonishing rise of Winklevoss twins comes on the back of astronomical rise of Bitcoins. The brothers had stated that they wanted to develop a NASDAQ or NYSE equivalent for digital currencies.

The identical twins, who competed as rowers in the 2008 Beijing Olympics, have said recently they haven't sold any bitcoins since their initial purchase.

So how did this laughable investment turn out? One Bitcoin is now valued at $11,276, according to Coindesk.

Earlier this year, Gemini entered into a strategic partnership with the Chicago Board Options Exchange, the largest USA options exchange with an annual trading volume of 1.27 billion contracts, to list bitcoin futures.

Bitcoin's rapid gains mean that twins Cameron and Tyler Winklevoss, founders of the Gemini digital currency exchange, are likely the first well-known bitcoin billionaires.

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