After Tyler and Cameron Winklevoss won a $65 million settlement from the lawsuit, they used the money to create the Gemini cryptocurrency exchange. The Winklevoss brothers acquired $11 million worth of BTC in 2013, an equivalent of 1% of all Bitcoins at that time.
Bitcoin developer Jimmy song commented: “Bitcoin just flipped Facebook. You still think Zuckerberg is the smart one and not Tyler or Cameron?”
Facebook is developing a cryptocurrency to challenge Bitcoin
Meanwhile, Facebook is developing the Diem (formerly Libra) cryptocurrency instead of investing in Bitcoin. The social media platform launched the Libra project in 2019, but the token went through many re-designs and is said to launch in early 2021.
On the other hand, the next goal for Bitcoin is surpassing Elon Musk’s Tesla. The electric car manufacturer surpassed Facebook a day ago and lifted its CEO Elon Musk to becoming the richest person in the world. However, even Musk isn’t a big fan of Bitcoin, he tweeted on many occasions that he prefers dogecoin, the meme-based cryptocurrency instead.
Finally, while Tesla is leading its way to overtake Google, Amazon, Microsoft, and Apple, BTC is close to surpass silver but will need to perform a lot better before overtaking gold.
