Cameron And Tyler Winklevoss, the popular Gemini exchange owners seem to be having some great expectations for bitcoin. Let’s read more about what they had to say in the latest cryptocurrency news below.
In a panel discussion with ‘’Bitcoin Billionaires’’, Cameron and Tyler Winklevoss discussed the current crypto landscape. Excerpts from the event were tweeted by a crypto analyst who goes under the Twitter handle @WillTradercipher whose tweet Gemini retweeted. While the bitcoin price is currently with a market cap of $229 billion, the twins believe that it’s early days for the entire crypto ecosystem by saying:
“We still think it’s the bottom of the first inning.”
The Winklevoss twins first invested in bitcoin back in 2013 and they said that at first bitcoin didn’t sound like a good idea but after a few tequila shots it started making sense. Now, they have about 1 percent of all bitcoin outstanding. The twins reportedly plowed millions from their settlement with Facebook into bitcoin of course. After they saw that the investment balloon will be estimated for billions of dollars, they claim to have taken away the sting from having Facebook kidnapped from them. The Wall Street Journal apparently asked them what happens when the twins meet with Zuckerberg at a crypto conference and the twins answered:
“Welcome to the party, what took you so long?”
Regarding Libra, Facebook’s cryptocurrency is looking less as a cryptocurrency. David Marcus who works at the development center for Libra reportedly wrote to the lawmakers:
“We want, and need, governments, central banks, regulators, non-profits, and other stakeholders at the table and value all of the feedback we have received.”
Meanwhile, the policymakers have a hard time to understand and to find a way how to handle Libra but they can’t stop bitcoin at least not anymore. Cameron and Tyler Winklevoss noted:
“To shut down bitcoin you have to shut down the internet…like North Korea. Countries will have to play with it.”
As per the coming altcoin news, the twins see future where Zcash and Ethereum will have a very important role mainly because of their privacy features. As for Gemini, the competitive landscape is only warming up. Poloniex, for example, allowed purchasing cryptocurrency by using credit and debit cards, Binance is coming to the United States and CEX.io also opened a new US office.
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