Socialite pair have so moved on from Facebook, they have bigger fish to fry

Those crazy Winklevoss twins. Fresh off a summer in the Hamptons  of free wheeling and dealing, trading bitcoins and models like they’re going out of style, the handsome pair decided to head to South Beach where they revealed their next “trillion dollar” scheme.

After schooling Zuck, Winklevoss playboys see digital riches in Bitcoin

Twins Tyler and Cameron Winklevoss fancy themselves as quite the players – and who could blame them. They showed new money nerd Mark Zuckerberg how not playing ball politely with legacy of elite power and Ivy League connections can be expensive. The Facebook Inc (NASDAQ:FB ) founder was schooled in an old school lesson on stiffing the wrong people. They sued Zuckerberg for $65 million, saying he stole what should be in part theirs, and won.

The Facebook legal battle now history, this pair of adventure seeking playboys thinks Bitcoin will be bigger than Facebook. Fast forward to today and they have poured a sizable portion of their fortune built on Facebook legal maneuvers into Bitcoin. With the investment down on the year by more than half, the twins are unphased and have yet to sell even one of the digital currency investments they made. In fact, they see the market getting bigger. Much bigger.

The twins were down in South Florida for an ETF show when they discussed their bitcoin ETF investment product and also revealed a new exchange which apparently will compete directly against a proposed New York Stock Exchange-backed bitcoin exchange. Facebook, NYSE Tyler and Cameron are giant slayers, they seem to be saying, and the market they fight for is so big it might have room for more than one giant.

Winklevoss twins Bitcoin could be an asset worth more than gold; dreams of trillions

This sense of zeal comes as bitcoin dropped nearly 60 percent in 2014, but this is the bottom they say. Bitcoin will ultimately be a better “asset” that gold and “could be in the trillions on a market cap, Tyler Winklevoss told CNNMoney. We do feel those are very real possibilities.

As previously reported in ValueWalk, the globetrotting duo born into an elite linage have considered themselves the Columbus of Bitcoin ever since that magical vacation in Spain. The twins apparently regal in telling the story of how they “discovered” the Bitcoin while partying the day away in Ibiza, a Mediterranean island off the Spanish coast with a reputation as a hub for electronic music and late night partying among Europe’s young, rich and idol class. “We were on vacation, and happened to bump into a guy who is mutual friend and he started to tell us about bitcoin,” Tyler Winklevoss explained. “We were fascinated from day one.”

The Harvard-connected duo, in legendary trading fashion, are apparently not scared by their primary investment being down 60 percent on the year. Its a buying opportunity,” Cameron was quoted as telling ETF.com’s Inside ETF Conference. “Weve never sold a Bitcoin. Were in it for the long haul.

The Winklivoss twins do indeed have the magic touch to an extent. Have they just called the bottom in Bitcoin. Or have they just drained the bottom of their martini glass while watching a South Beach sunset?

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