Bitcoin dipped below $10,000 (£7,266) Wednesday, extending a rout that has sliced $443m from the net worth of each brother, leaving them with $739m apiece, at least on paper, according to the Bloomberg Billionaire Index.
Bitcoin dropped more than 10 per cent to $9,178, the first time it had traded below the $10,000 threshold since 1 December, according to consolidated pricing data collated by Bloomberg. It rebounded to $10,768 on Thursday morning, still well below its peak of $19,511 on 18 December.
Still, the twins may not be too concerned. They intend to hold their Bitcoin for the long-term and expect it to “appreciate by 10 to 20 times its current value,” Cameron Winklevoss said in a 8 December interview with Bloomberg.
The original article was published in the Independent.
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