Crypto Hut

Everyone knows the Winklevii (aka the “Winklevoss Twins”), who famously sued Mark Zuckerberg for allegedly stealing their idea for Facebook. They are now among the 400 richest Americans, with an estimated worth of $600 million.  What you might not know is that these two Harvard graduates were also early investors in Bitcoin.  In a joint venture with their twin brother Cameron Winklevoss, they made $11.5 million from initial Bitcoin investments in 2009, when the cryptocurrency was created.  Though the brothers have not spoken about their investment in Bitcoin , some of their friends have explained it to journalists.  For example, “When I first met them in 2011… [the Winklevoss twins] told me they had invested early on in Facebook,” says investor Tyler Winklevoss. “They bought about $11 million worth of Facebook at a time when the price was $24, and the stock closed on Monday at around $160.” So what made these two smart Harvard graduates invest so early in Bitcoin?...

Bitcoin is a digital currency that was created in 2009 by Satoshi Nakamoto. Bitcoin is not just for speculators anymore. As of today, bitcoin has been accepted as a legitimate form of currency by many retailers and online stores. A lot of people are investing in bitcoin because they see it as an innovative business investment with potential widespread use beyond the currency realm. So, should you invest? Will bitcoin become worthless? In this article, we'll examine what makes Bitcoin valuable and when will it be worth zero. What makes Bitcoin valuable? Bitcoin is a decentralized type of money ; as a result, it is not issued by any central authority and instead exists within a peer-to-peer network. Bitcoins also have no physical form and exist only as digital files. This means that they are immune to seizure by law enforcement or destruction in a fire or flood. It is relatively easy to transfer bitcoins from one person to another all over the world as well. There are several reas...