How Do the Winklevoss Twins Store Their Bitcoins?
One of the most common problems in the cryptocurrency market is undoubtedly stolen coins.. If thieves transfer the balances in your personal wallet to their own accounts, unfortunately, there is no institution you can turn to and complain to.
If there is someone who does not want to be in this situation, it is 120,000 Bitcoins that they have Winklevoss twins. Of course, because they were aware of this, the twins wrote the special wallet code that allows their Bitcoins to be sent to another address on a piece of paper and divided the paper into several pieces.. Afterwards, they started to keep these papers in bank vaults in different parts of the USA…
It’s Important to Be Determined
One of the most important characteristics of the Winklevoss twins is their determined mindset.. The twins, who wanted to be olympic racers in rowing, achieved their dream in 2008.. Afterwards, even though they were put in a difficult situation by Mark Zuckerberg, they received $65 million compensation as a result of the lawsuit they filed against him.
The first question that comes to mind is of course that much money. what they do. We don’t know all the money, but they bought Bitcoin with $11 million of compensation. Moreover, when this event happened, Bitcoin only had a ridiculous price of $10. Many people who heard this mocked the Winklevoss, but they seem determined to keep their Bitcoins for a long time.. As you can imagine, this determination made them a fortune in 2017. Although Bitcoin has experienced a relatively large drop over the past week, the value of Bitcoins owned by the Winklevoss twins is currently estimated to be more than $1.5 billion.
Tyler Winklevoss criticizes those who laughed in the face when the twins first bought Bitcoin:
“We took those smiles and sarcastic remarks and turned them into a wind that gives us strength.”
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Keeping Coins Safe
The wild nature of the cryptocurrency world may be exciting for many, but there is also great opportunity for hackers who aim to attack exchanges and steal users’ balances.. The brothers are very determined to protect their Bitcoin wealth, even taking very paranoid measures for this.
The Winklevoss twins have the codes of their Bitcoin wallets used for sending money printed on different papers one by one.. Afterwards, they cut these papers into small pieces and sent them in different envelopes to the secure mailboxes of various banks in the USA.. If a thief covets these Bitcoins, he will have to take pieces of paper from secure mailboxes in different banks, the number of which is unknown, and put them together one by one. can find it, but it’s undeniably an excellent idea.. There is an important conclusion to be drawn from this: The Winklevoss twins saw and believed in the future of Bitcoin and cryptocurrencies.. In fact, the wealth of the brothers does not end with the Bitcoins in these secret wallets.. They set up the cryptocurrency exchange called Gemini and have balances of approximately $350 million on the exchange, the majority of which lies in Ethereum. You might think the Winklevoss brothers want to sell their Bitcoins because the price has gone up, but they’re definitely against it.. Tyler Winklevoss stated:. Let’s say it turned out not to be so, but we prefer to live in disappointment to live in regret.”
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