Cryptocurrencies
Winklevoss Twins Have Fortunes Riding on Crypto Startup Comeback
- Brothers’ firm makes bets on many futuristic digital companies
- Upheaval in crypto may elevate scrutiny of blockchain projects
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The family office of billionaires Cameron and Tyler Winklevoss will serve as a test case for the staying power of crypto startups after TerraUSD’s collapse and as interest rates and recession fears rise.
Through Winklevoss Capital Management, the 40-year-old twins have investments in crypto startups from trading platform Slingshot to tax facilitator Taxbit to Praxis, which vows to build “the city-cryptostate to realize a more vital future.” Between their family office and the venture arm of their digital asset exchange Gemini, they have stakes in about 50 crypto or blockchain startups, according to portfolios they’ve posted online.