Winklevosseses buy 1% of current Bitcoins

Posted on April 23, 2013

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Apparently the Winklevoss twins (of Facebook fame) have bought up 108,000 BTC – or 1% of existing coins. This article also has coverage, and mentions other large buyers such as the Exante hedge fund.

I’m not really a Facebook follower but did go and see The Social Network. The “Winklevii” seem switched on to the potential of technology, and maybe economic technology is more in their ballpark. What’s more interesting is that people can currently own a large chunk of coins – we’re definitely in “landgrab” phase (backed up by the bounce back up in value over the last couple of weeks).

Whether more coins means more power or not remains to be seen (as Bitcoin is half-economics, half-technology). Fun times.

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