Owning Bitcoin Is 'Very, Very Smart' Says Tyler Winklevoss

Michael LaVere
  • Gemini co-founder and chief executive Tyler Winklevoss tweeted owning bitcoin is "very smart."

Tyler Winklevoss tweeted his support for bitcoin in response to investors questioning the value of owning cryptocurrency and gold. 

Jake Chervinsky of the algorithmic interest rate protocol Compound Finance published a tweet on May 12 saying he was considering investing in gold in addition to bitcoin. 

Chervinsky explained his interest in precious metals came in response to the US Treasury’s plan to borrow more than $3 trillion in order to finance COVID-19 relief programs. 

Shapeshift CEO and long-time cryptocurrency supporter Erik Vorhees replied to Chervinsky’s original tweet, saying that “owning gold is very smart.”

The Twitter thread sparked the interest of Tyler Winklevoss, who jumped in with his own support of bitcoin. 

Tyler, who is the co-founder and CEO of cryptocurrency exchange Gemini, is reported to have a net worth of over $1 billion alongside his partner and twin brother Cameron. The Winklevoss twins allegedly amassed 1 percent of the total supply of bitcoin in 2013 when the price was still trading for under $100. 

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