Winklevosses buy tickets to space with bitcoin

March 5, 2014
A model of the Virgin Galactic, the world’s first commercial spaceline, is displayed at the Farnborough International Airshow in Hampshire, southern England, on July 11, 2012

Big bitcoin backers the Winklevoss brothers said Wednesday they had used the virtual currency to buy tickets into space on Richard Branson's Virgin Galactic aircraft.

Brushing off a rise in doubts over the viability of the crypto-currency, the tycoon twins said they were following in the footsteps of great adventurers like Ferdinand Magellan and Edmund Hillary in exploring the possibilities of bitcoin.

"It is in this vein that Cameron and I contemplate our tickets into space –- as seed capital supporting a that may forever change the way we travel, purchased with a new technology that may forever change the way we transact," Tyler Winklevoss said.

Writing on the website of their company, Winklevoss Capital, he said they would use the currency to book passage on a Virgin Galactic flight, which promises a short trip through sub-orbital space and the experience of floating gravity-less through the aircraft.

The cost of a ticket is $250,000, with commercial flights slated to begin this year.

"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," he said.

"Since their inceptions, Bitcoin and Virgin Galactic have been writing the next chapter in our history books."

Wealthy venture capitalists, the Winklevosses have a sizable holding of bitcoin and are seeking to establish a publicly traded bitcoin investment fund.

In February, they established their own index for the currency, the Winklevoss Index—Winkdex.

Explore further: Winklevosses make their own Bitcoin index

Related Stories

Winklevosses make their own Bitcoin index

February 19, 2014

Early Bitcoin investors Cameron and Tyler Winklevoss have created their own index of the virtual currency, as they gear up to launch the first publicly traded US Bitcoin fund.

Entrepreneur makes Bitcoin gift to US college

February 19, 2014

In what may be the first college donation of the new electronic currency, a Bitcoin entrepreneur has made a $10,000 virtual donation to a Washington state liberal arts college.

Vietnam says bitcoin transactions are illegal

February 28, 2014

(AP)—Vietnam's communist government said trading in bitcoin and other electronic currencies is illegal, and warned its citizens not to use or invest in them.

Recommended for you

Samsung to disable Note 7 phones in recall effort

December 9, 2016

Samsung announced Friday it would disable its Galaxy Note 7 smartphones in the US market to force remaining owners to stop using the devices, which were recalled for safety reasons.

Swiss unveil stratospheric solar plane

December 7, 2016

Just months after two Swiss pilots completed a historic round-the-world trip in a Sun-powered plane, another Swiss adventurer on Wednesday unveiled a solar plane aimed at reaching the stratosphere.

Solar panels repay their energy 'debt': study

December 6, 2016

The climate-friendly electricity generated by solar panels in the past 40 years has all but cancelled out the polluting energy used to produce them, a study said Tuesday.

0 comments

Please sign in to add a comment. Registration is free, and takes less than a minute. Read more

Click here to reset your password.
Sign in to get notified via email when new comments are made.