Cameron Winklevoss, co-founder of the popular crypto exchange Gemini, says that bitcoin is more than just digital gold.
While bitcoin is commonly positioned as the digital equivalent of a store of value asset like gold, Cameron Winklevoss believes that cryptoassets have much more to offer. According to the Gemini co-founder, bitcoin is a “source of truth.”
In a tweet published Oct. 23, he explained,
Because Bitcoin is open source software, its possibilities are boundless. I often talk about gold as a target market cap, but that's really just the beginning…it's digital gold, source of truth, etc…
— Cameron Winklevoss (@winklevoss) October 23, 2019
In May, Cameron’s twin brother argued that bitcoin had transcended precious metals to become ‘Gold 2.0’
Bitcoin is gold 2.0. It matches or beats gold across the board. It’s market cap is ~140bil, gold’s market cap is ~7tril. Do the math!
— Tyler Winklevoss (@tylerwinklevoss) May 16, 2019
The Winkelvoss’ and their exchange have been pushing for greater acceptance of cryptoassets, particularly on the regulatory front. While the US Securities and Exchange Commission denied the most recent round of exchange-traded fund proposals, Gemini continues to be in the running for securing the first BTC ETF.
Featured Image Credit: Photo via Pixabay.com