If You Invested $100 In Bitcoin When Winklevoss Twins First Filed For Spot BTC ETF Over 10 Years Ago, Here's How Much You'd Have Now
Portfolio Pulse from Mehab Qureshi
Cameron and Tyler Winklevoss, founders of cryptocurrency exchange Gemini, filed for a Bitcoin ETF in 2013, which was rejected by the SEC. Since then, the value of Bitcoin has increased by over 300 times. The SEC has postponed decisions on several Bitcoin ETF proposals, including those from BlackRock and Valkyrie. If one had invested $100 in Bitcoin in 2013, they would now have a profit of $30,500.
October 04, 2023 | 12:03 pm
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POSITIVE IMPACT
Bitcoin's value has increased significantly since the Winklevoss twins' ETF proposal in 2013. The SEC's delay in decisions on Bitcoin ETFs may create uncertainty in the market.
The news highlights the significant increase in Bitcoin's value over the past decade, which could attract more investors. However, the SEC's delay in decisions on Bitcoin ETFs could create uncertainty, potentially impacting Bitcoin's price in the short term.
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