The Winklevoss twins may have lost A LOT of money on Bitcoin

With Bitcoin crashing, some cryptocurrency HODLers are hurting. That might include the Winklevoss twins. 

Tyler and Cameron bought 120,000 bitcoins in late 2012 with money from the $65 million payout from their lawsuit against Facebook.

That’s more than $1.32 billion worth of bitcoin at Wednesday evening’s value of about $11,000 per bitcoin. That seems like a lot, but just two days ago a bitcoin was worth $14,000. 

Here’s the chart on Bitcoin since 2012. Up and up and up. 

Image: coindesk

But then this week, it’s been down, down, down.  Read more…

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Source: Mashable | The Winklevoss twins may have lost A LOT of money on Bitcoin