Winklevoss: Banks Failed to Prevent Bitcoin Appearance, BTC Remains Retail-Driven

Libra Coin News
Mon, 08/26/2019 - 12:04
Yuri Molchan
The Winklevoss ‘crypto twins’ have pointed out that Wall Street and banks have failed to predict and prevent the appearance of Bitcoin on the global market
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The Winklevoss twin brothers who took part in founding Facebook but later on had a falling out with Mark Zuckerberg and then still came into the world of big money, set up the Gemini digital exchange and the USD-pegged Gemini coin, have recently spoken to CNN about Bitcoin.

In the talk, they mentioned that Wall Street firms and banks, in general, have failed to foresee and what is more – were unable to stop Bitcoin from appearing and becoming the ‘internet of money’ which anyone now can buy a piece of.

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‘Bitcoin is volatile but it’s the future’

The Winklevoss brothers said that banks were ‘asleep at the wheel’, as reported by Forbes, when it came to Bitcoin and crypto as a new investment asset class in general and it has helped BTC investors quite a lot.

Despite the ups and downs that BTC price has been through, Bitcoin is still the future, say the crypto twins.

Besides, they say, Bitcoin remains a retail-driven market.

It’s still a retail-driven market, from day one.

‘Should my relatives bet their retirement on BTC? – You have to make your own decision but…’

When the CNN host asked the twins, whether Bitcoin is reliable enough for her relatives and friends to invest their retirement funds, if it is reliable enough, the response that came from the twins was ‘you have to make your own decision but’.

If you dig deeper, they said, you will see that there is a lot of interesting stuff coming on here. 

They called Bitcoin something similar to gold, meaning that this is a new asset class and that basically anyone can buy a piece of it unlike it was with the Internet back in the 90s.

Unlike the internet, which you couldn’t buy a piece of, you can actually buy a piece of this new internet of money.

About the author

Yuri is a journalist interested in technology and technical innovations. He has been in crypto since 2017. Believes that blockchain and cryptocurrencies have a potential to transform the world in the future. ‘Hodls’ cryptocurrencies. Has written for several crypto media. Currently is a news writer at U.Today.