The bitcoin price has dropped to under $30,000 per bitcoin, down from almost $70,000 late last year.
“But its trajectory has been anything but gradual or predictable.
The twins wrote the “turbulent market conditions that are likely to persist for some time.” Following bitcoin’s huge 2017 rally, the market went into a multi-year period of contraction, with the bitcoin price losing almost 90% of its value before beginning to rebound.
The Winklevoss brothers, who are also known for their early involvement in the creation of Facebook, are thought to have lost around 40% of their fortunes this year, according to a report by Bloomberg last month.
The bitcoin price has swung wildly over the last year, soaring to almost $70,000 per bitcoin before …