Tyler Winklevoss Congratulates Musk on Acquiring Twitter
Tyler Winklevoss, a US investor and the co-founder of Winklevoss Capital Management and Gemini cryptocurrency exchange, called the Twitter culture "toxic" after the social network-residing community called out Tesla's owner Elon Musk for becoming its biggest individual shareholder.
Winklevoss said the resistance inside Twitter to Musk's attempt to ensure that it is a platform for free speech has been “alarming”.
“These people are committed to Soviet-style censorship. Their beliefs and ideology are patently un-American. It's time to clean the Augean stables,” he wrote. Winklevoss was optimistic about this acquisition even when it seemed like one of Musk's jokes. He warned that the Twitter community would see in a short time how malevolent and politically directed the "shadow banning" and algorithms were and how dangerous this all was for the democracy in total.
Breaking Corruption Between Big Tech and Media
However, he called out the big tech saying that this buyout will finally break the corrupted circle between tech behemoths and the corporate media once Musk restarts Twitter. Winklevoss also commented that Twitter stock has been flat for many years, and now, Musk has come to change this. He called Musk the "most proven and successful entrepreneur in the world" and added that this is a great time for free speakers.
Tyler is also known to be a prominent opponent of Biden’s plan to make massive investments in America’s social safety net. He recently contributed a maximum legal amount to the conservative democratic senator Krysten Sinema who demanded cuts to bring down the cost of the $3.5 trillion plan.
Together with his twin brother Cameron, Tyler is believed to be the first Bitcoin billionaire.
The brothers are known for giving money to numerous cryptocurrency and blockchain-related businesses, Gemini exchange being one of them. Apart from Bitcoin, he is also one of the most agile Ethereum investors. Brothers stated together that they own 1% of all Bitcoin in circulation.
Gemini Partners with Mastercard
Recently, Winklevoss announced that Gemini has partnered with Mastercard and WebBank to launch the Gemini Credit Card that brings DeFi together with the traditional financial system (TradFi).
Tyler founded Gemini back in 2014, making it one of the most successful digital currency exchanges and custodians that allows customers to buy, sell, and store digital assets. It is a New York trust company regulated by the SEC.
The Winklevoss brothers featured in the film 'The Social Network', about the origins of Facebook. This film suggested that the original idea of Facebook was theirs. While students at Harvard at the same time as Mark Zuckerberg, Tyler and Cameron approached him to develop their social network project, ConnectU. Zuckerberg went on to create Facebook.
In August 2012, they purchased $11 million worth of Bitcoin. At that time, Bitcoin wasn't even worth $10.
Now the Winklevoss twins own at least 150,000 BTC. This makes a fortune in Bitcoin of over $6.255 billion. Potentially in the future, that can make them as rich, and possibly even richer, than Mark Zuckerberg.
Author: Teuta Franjkovic
A sincere writer with a strong will to share knowledge on all things blockchain, crypto, metaverse and DeFi. Starting out as a writer with Cosmopolitan, Teuta has risen through the ranks of business journalism, editing newspapers and websites within the fintech industry for over 15 years. She holds a double MA in Public Politics and Entrepreneurship.