Winklevoss can point to a strong track record as a bitcoin investor.

That’s from a new Bloomberg piece on Cameron Winklevoss who, together with his twin Tyler, were variously described by the media this week as “Bitcoin billionaires.”

As we pointed out, that would be inaccurate because their stake together was worth more than a billion and you can’t take two people who are collectively worth some amount and attribute the label that goes with that amount to both of them. If that logic were sound,  then one person worth a dollar and another person worth $999,999 could together be described as both being “millionaires.”

Apparently, the twins’ combined stake is now worth something like $1.7 billion, so they’re getting closer to being actual “Bitcoin billionaires” and thanks at least in part to the recent run-up, they are indeed both “billionaires” if you include their other assets.

Anyway, the amusing thing about the quote excerpted here at the outset is that it doesn’t just apply to Cameron Winklevoss. It literally applies to anyone who has bought Bitcoin and hasn’t sold. Unless you bought at the Thursday GDAX highs or else bought at some other high and then panicked and sold for a loss, then you too have a “strong track record as a bitcoin investor.” It’s pretty easy to “have a strong track record” in an asset that only goes up. All you have to do is buy it and not ever sell.

Tomorrow, the CBOE launches Bitcoin futures. You’re reminded that the Winklevoss twins play a role in this as Gemini is a Winklevoss production. Recall the following from the CBOE’s specifications:

The Final Settlement Value of an expiring XBT futures contract shall be the official auction price for bitcoin in U.S. dollars determined at 4:00 p.m. Eastern Time on the Final Settlement Date by the Gemini Exchange (the “Gemini Exchange Auction”). If the Gemini Exchange Auction price is not within Gemini’s parameters for a Gemini Exchange Auction price, the Final Settlement Value is otherwise not available, or the normal settlement procedure cannot be utilized due to a trading disruption or other unusual circumstance, the process detailed in the Contingencies section below will be utilized.

The alternatives that OCC could consider using in this circumstance could include, among others:

1. Using the Winklevoss Blended Bitcoin Index value at 4:00 p.m. Eastern time on the final settlement date.
2. Using the bitcoin price on the Gemini Exchange continuous order book at 4:00 p.m. Eastern time on the Final Settlement Date.
3. Using a volume weighted average price (“VWAP”) or time weighted average price (“TWAP”) of bitcoin trade prices on the Gemini Exchange on the Final Settlement Date.
4. Using the following day Gemini Exchange Auction price as the Final Settlement Value.

The form of bitcoin on which the XBT futures and their Final Settlement Values will be based is the form of bitcoin in U.S. dollars traded on the Gemini Exchange. If the Gemini Exchange were to offer trading in multiple forms of bitcoin in U.S. dollars, CFE would designate the form of bitcoin traded on the Gemini Exchange on which XBT futures and their Final Settlement Values would be based for all then currently listed XBT futures contracts and subsequent XBT futures contract listings.