Tyler Winklevoss wrote the lengthy post about the twin’s decision to use a portion of their Bitcoin funds “as seed capital supporting a new technology that may forever change the way we travel, purchased with a new technology that may forever change the way we transact.”
Cameron and I have decided to use our bitcoin to take the plunge, or rather propulsion, into space. Why? Because Bitcoin and Sir Richard Branson’s Virgin Galactic are two technologies that meaningfully represent our focus at Winklevoss Capital – the reduction of pain-points and friction in an effort to build a better world.
The first round Virgin Galactic flights are scheduled for later this year, and there’s already a 700 person long waiting list. With a ticket price of $250,000, it’s also an extremely exclusive list. With an estimated 1% of all Bitcoins in their wallets, however, the Winklevoss twins can afford it.
It’s no secret that Cameron and Tyler Winklevoss are big believers in Bitcoin. The twins may have first become well known thanks to their 2004 claim that Mark Zuckerberg ripped off their idea for what became Facebook, but in recent years they’ve become two of the highest profile Bitcoin venture capitalists on the public sphere. Last month, the brothers filed amended SEC documents for their Bitcoin-based investment fund, and also launched the Winkdex Bitcoin index.