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

Cryptocurrency rivals snap at Bitcoin's heels

January 14, 2018

Bitcoin may be the most famous cryptocurrency but, despite a dizzying rise, it's not the most lucrative one and far from alone in a universe that counts 1,400 rivals, and counting.

Top takeaways from Consumers Electronics Show

January 13, 2018

The 2018 Consumer Electronics Show, which concluded Friday in Las Vegas, drew some 4,000 exhibitors from dozens of countries and more than 170,000 attendees, showcased some of the latest from the technology world.

Finnish firm detects new Intel security flaw

January 12, 2018

A new security flaw has been found in Intel hardware which could enable hackers to access corporate laptops remotely, Finnish cybersecurity specialist F-Secure said on Friday.

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.