With the start of a new decade, the popular twin Tyler Winklevoss believes that crypto will become as important as the email in the following 5 to 10 years. Let’s see what the co-founder and CEO of Gemini Trust have to say about his prediction in the cryptocurrency news today.
According to Tyler Winklevoss, crypto will become more than a niche technology and a form of money and will eventually play an important role in our daily lives in the close future. He wrote:
“Today, crypto is still a niche technology and a form of money. It is not crucial to your everyday life the way email and other web applications are, but our thesis is that this will change — it’s already changing if you look close enough.’’
Winklevoss added that the nature of cryptocurrencies that is decentralized, empowers individuals and this is why it will be a driving force within the new decade. Crypto will not only redesign the internet but will also be redesigning the entire financial and monetary systems to protect the rights of the users, he said. Tyler believes that there won’t be a cryptocurrency failing because the invention was fair and even too fair to ignore and the gravitational pull is extremely strong to be denied. Tyler said that the people will start choosing crypto because of the freedom it has to offer:
“Crypto will make as great of a contribution to your personal freedom as the invention of the printing press, the personal computer, and the early Internet.’’
The last decade was extremely important for Bitcoin in terms of market returns considering that it is a project that is ten years old. In fact, Bitcoin was tagged as the best-performing assets of the previous decade and anyone who invested $1 in Bitcoin back in 2010 would now be richer for $90,000 which is an 8,900,000 percent increase in ten years. If you have invested the same $1 in some of the 500 companies in the S&P index, the highest returns that you would get around $4,181 which is nowhere near to Bitcoin’s ROI. Bitcoin may revisit lower grounds and many agree with this opinion. The price action in the $6,000s before has been brief which is why the $7,000s are seen as a more natural level for the most dominant coin.
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