Cameron and Tyler Winklevoss, also known as The Winklevoss Twins, are possibly most renowned for suing Mark Zuckerberg over the claim that he stole the idea behind ConnectU to create Facebook. Since then, they have moved into the world of venture capitalism with a strong focus on cryptocurrency, becoming some of the world’s first Bitcoin billionaires.
The pair has launched Winkdex, a financial index that monitors the current price of Bitcoin, as well as Gemini, a Bitcoin exchange that gained approval to launch from the New York State of Department of Financial Services.
“The idea is that companies that build on top of things like Bitcoin should have regulation that’s thoughtful and that doesn’t stifle innovation,” said Tyler, as reported by Fortune. “People believe in the dream of crypto, they just don’t know how to engage in it without getting burned. We’re here to say Gemini’s a place you can do that.”
They are strong advocates for the development and implementation of cryptocurrency into the marketplace, believing the current payment systems are failing. The twins also believe that cryptocurrency has the potential to overtake gold.
“The only thing gold has over bitcoin is a 3000-year head start,” said Cameron.
Cameron and Tyler Winklevoss are graduates of Harvard University and the University of Oxford. They were rowers on both college teams and finished in 6th place when representing the United States at the 2008 Beijing Olympics.