Billionaire Winklevoss twins documentary, the founder of Gemini exchange,
Tyler and Cameron Winklevoss often nicknamed Winklevie are among the most renowned figures
in the crypto sector due to their preelection for managing founding and investing in revolutionary
blockchain firms. At the last count, the identical twins through their family firm
winklevos capital have invested in over 25 digital asset startups. Even more. The twins have been one
of the few to invest in Bitcoins early. According to Forbes, the brother still owns 70,000 Bitcoins
as well as other digital assets as part of their net worth. Hey everyone. Welcome to crypto trends.
In today's video, we will take a look at how the winklevos twins rose from being considered a mere
blip in Facebook's history to rank as some of the richest people in the crypto industry. So
make sure to subscribe to the channel so you don't miss out on any of our videos. So without further
ado, let's get into it. First. Let's take a short look at the winklevos twins and their father
who is Tyler winklevos. Tyler Howard winklevos is an American cryptocurrency investor,
founder of winklevos capital management, founder and CEO of Gemini and Olympic grower.
He majored in economics and Harvard in 2000 where he later co-founded Harvard connection,
which is rooted in Facebook's history. Tyler completed his MBA in 2010 at the
university of Oxford and went on to start winklevos capital with Cameron.
According to Forbes, Tyler Winklevoss net worth is 4.1 billion, who is Cameron winklevos.
Cameron Howard winklevos is the founder of Winklevoss capital management, the founder
and president of Gemini, an Olympic rower, and an entrepreneur. In addition to enrolling in the
same undergraduate and postgraduate programs as his brother, the twins competed in pair rowing at
the 2008 Beijing Olympic games, finishing sixth in the final. A according to Forbes, Cameron
Winklevoss net worth is also 4.1 billion seems like when we combine the net worth of the twins,
it would make 8.2 billion. So who is the father of the winklevos twins? The winklevos twins father
is Howard Edward winklevos Jr. He is an actuary professor and entre Rener from the United States.
He holds a PhD in mathematics from the university of Oregon and has taught insurance
as an adjunct professor at the university of Pennsylvania's Wharton school unmasking,
the winklevos enigma. You may recall that mark Zuckerberg was accused of stealing the idea of
creating a profile based social network from his Harvard, classmates, Tyler and Cameron winklevos
as well as their roommate Divia Norendra when they were in their freshman year of university.
At the time the identical twin brothers sought Facebook founder, mark Zuckerberg, to collaborate
on the development of a social dating network that would assist students with similar interests,
interact with one another Zuckerberg on the other hand had other ideas, which they were
completely unaware of following his agreement to assist Zuckerberg, went on to develop what
he initially referred to as the facebook.com, which later became known simply as Facebook
Ben Messer's book, the accidental billionaire, as well as its film adaptation, the social network,
both detail how Tyler and Cameron filed an intellectual property lawsuit against
Zuckerberg, which resulted in a settlement in which they received $45 million worth of
Facebook's pre IPO stock and 20 million cash in 2019. Mezrich admitted that his portrayal
of the conflict between Zuckerberg and the Connecticut raised brothers
may have been inaccurate due to his lack of knowledge of the latters genuine characteristics.
Tyler and Cameron came across as the wealthy adversaries and the accidental billionaire because
of their appearance, where they came from and how they dressed among other factors after recounting
the twins, reformation, and subsequent climb to popularity. The author determined that he had
made a mistake in his first assessment of them in a discussion panel organized to promote his 2019
book above the twins, Bitcoin billionaires. He went so far as to refer to them as American icons
stamped ERs announced in June, 2020 that they will be collaborating with the winklevos twins
to develop a film version of message's Bitcoin billionaires, which will serve as a follow up
to the academy award winning film, the social network, which was released in 2012, the Bitcoin
encounter following their highly publicized settlement with Facebook and more Zucker. In 2008,
the brothers went on to represent the United States of America in the rowing competition at
the 2008 Olympics in Beijing, China, the brothers had been rowing competitively from the age of 15.
So what did they do with the money? Tyler and Cameron decided to use
their settlement money to invest in technology firms in Silicon valley,
after earning their MBAs from the sad business school at the university of Oxford in 2011,
as a result, they founded Winkle Vaz capital, which was intended to be a venture capital company
after a short period of time. However, the brothers were forced to face the painful reality
that their disagreement with Zuckerberg during the illustrious Facebook history had a permanent
scar on their names. After multiple failed attempts to invest in technology businesses,
it became evident that they had been blacklisted by the Silicon valley elite, according to their
interviews in Bitcoin billionaires, even though they were operating in an unregulated technology
environment, the winklevos brothers finally achieved success with investing strategies. In
2012, the brothers were introduced to Bitcoin while on holiday in Ibiza at a time when the
cryptocurrency was considered a little more than a joke by the traditional financial community,
Tyler and Cameron invested 11 million in Bitcoin at an average price of $8 per unit,
despite the inherent danger at first things didn't turn out the way they had hoped.
The couple had then invested 1.5 million in bit instant, a site that allowed users to
purchase Bitcoin using us dollars, which was later acquired by coin base. Unfortunately,
it was deter I that some of the purchases were tied to drug dealers, money laundering
operations on silk road's dark net market, which led to the cancellation of the purchases.
Consequently, the website was shut down by regulators in 2013 and the company's CEO, Charlie
Shrem was sentenced to two years in prison. As a result. This episode taught the winklevos
brothers that if they wanted to promote a safe and regulated system for investing in or engaging in
the cryptocurrency sector, they needed to take a hands on approach and do things themselves.
The rise of a crypto empire Tyler, and Cameron's determination to introduce some type of structure
to the burgeoning cryptocurrency business resulted in the, of Gemini as a cryptocurrency exchange.
Gemini's first focus was on making the purchasing and trading of Bitcoin
as simple and convenient as possible. However, as the cryptocurrency market matured and expanded,
the exchange gradually began to include a rising number of alternative cryptocurrencies.
Now that 90 digital assets are supported Gemini processes, an average of 30 to 50 million in
transaction activity every day, founding Gemini, one aspect that distinguishes Gemini from its
competitors is the company's commitment to the construction of a trading terminal that is safe,
respectable, and regulated because of its emphasis on user safety.
Gemini has maintained its position as one of the most trusted brands in the cryptocurrency market.
It made history in 2015 by becoming the first cryptocurrency exchange to
be granted the status of a licensed trust corporation in the state of New York.
Gemini's solid reputation with us. Regulators has also prompted the exchange to propose Bitcoin E
TF products for approval by the securities and exchange commission or sec, despite the fact that
these suggestions did not produce the anticipated results, they demonstrate that Gemini is one of
the innovative cryptocurrency companies working to bring cryptocurrency into the mainstream.
Gemini, in addition to offering exchange services also provides custodial solutions in 2018,
the exchange introduced the Gemini dollar and digital asset whose value is tied to the value of
the United States dollar acquiring nifty gateway. While the winklevos brothers regulatory stance is
embodied by Gemini. It is their venture into the NFT market that appears to be generating
the most in 2019, the foster brothers who are also identical twins sold their nifty
gateway marketplace to the brothers who are also identical twins. At one point, nifty gateway was
intended to be used as an NFT portal upon being sold to Gemini. It was soon re-engineered into
an exclusive NFT auction platform, which is still in use today. Artists are chosen by the platform
and their works are sold in drops rather than in bulk. Notably Mike Winkleman also known as people
the most well known name in nonfiction books was ed to the blockchain trend through nifty gateway.
And within a short period of time, he had sold some of his works for hundreds of millions of
dollars. The auction house Christie sold one of his NFT collections for a staggering 69 million
in March a quick look at the winklevos twins journey, Facebook settlement, 2008, the twins
negotiate a 65 million settlement with Zuckerberg in a mix of Facebook shares and cash. They claimed
he plagiarized their idea as well as some of the code. They hired him to write winklevos capital
2012. The brothers launched a company that makes angel investments in early stage startups and
entrepreneurs. It is made around 100 investments and now has 20 crypto focused assets in its
portfolio, Bitcoin investment, 2012 and 2013. The brothers announced in April, 2013 that they hold
around 11 million in Bitcoin through winklevos capital. They purchased their Bitcoin for an
average of $8 per coin. At the time the dual said to hold 1% of all Bitcoin and circulation
shortly after that statement, Bitcoin's price dropped from $180 to $80 in a week.
The first of many drops on the cryptocurrency roller coaster bit instant 2013, the Harvard
alumni revealed their engagement in bit instant. One of the earliest Bitcoin exchanges in the
United it states. Unfortunately the former CEO, Charlie Shrem was eventually caught and
sentenced to two years in prison for operating an unregistered money company. Prosecutors claimed he
deliberately exchanged Bitcoin used for criminal narcotics operations and money laundering.
Later that year bit instant went out of business. Shrem was suited by the brothers
in 2018 saying he stole Bitcoin from them in 2019. An undisclosed settlement was reached
foundation of Gemini 2014. Since the couple created the cryptocurrency exchange Gemini,
it has earned a reputation as one of the safest locations to purchase,
sell and store cryptocurrency. It was one of the first financial institutions to be licensed by the
New York state department of financial services. This is crucial since New York has among the
tightest crypto rules in the country, and only a few platforms are permitted to operate there.
Bitcoin surge, 2017 and 2021, there have been two massive rises in Bitcoins, 13 year history,
one in December, 2017 when it exceeded $18,000, not from the $800 market was trading at the start
of 2017 and the other in November, 2021, when it achieved an all time high of $69,044, Bitcoin is
currently trading around $40,000 per coin. This means that if they bought an average unit for $8,
they obtained a remarkable 500000% return, which is tough to achieve in traditional investing
block by investment 2019. Winklevos capital invested in block fi one of the first crypto
lenders in the United States. It is now a crypto financial services company that also
offers competitive savings rates. Nifty gateway 2019 Gemini purchased nifty gateway, a platform
for NFTs or nifty as the firm refers to them. Crypto credit cards, 2021, both block FFI and
Gemini introduced the crypto credit cards last year, demonstrating the brothers resurgence in the
business. These crypto credit cards allow you to earn Bitcoin and other digital currencies as well
as potential trading savings. So what are your thoughts about the winklevos twins? Please let
us know thoughts in the comment section down below with that being said, here we come to the end of
our video. I hope you like this video. And if so, then don't forget to subscribe to the channel.
So you never miss any video. See you in the next video till then take care. Thanks for watching.