In the latest Bitcoin news, we are featuring the popular twins and founders of the Gemini exchange – the Winklevoss twins. According to their interview with Telegraph, their thought is that one day Bitcoin will become bigger even compared to the social media giant, Facebook.
The comments come as a renewed wave of optimism in the crypto circles, especially as bulls begin to emerge with prices that are gaining some momentum after a difficult ‘crypto winter’ and a year which saw declines of more than 80 percent for almost every coin.
And while some experts believe that 2019 is going to be a great year for BTC and the market – others are not that sure mostly because of the past. In the Telegraph interview, the Winklevoss twins declared that Bitcoin and other cryptocurrencies will surpass Facebook. As Cameron Winklevoss summed up:
“In the first 10 years, a lot of people were like ‘Amazon isn’t competing with Barnes and Noble’. But we know how that played out. Cryptocurrency is so young, we are only a couple of years into this journey. Crypto is transferring value and putting markets on certain resources which is, like, greater, like, brings more people in, like, than, like, sharing photos, right?”
Tyler Winklevoss, on the other hand, added the utility of facilitating payments across the Internet and said that it gives a profound edge over social media platforms – especially in the context of the emerging digital economy. Right now, the market capitalization of Facebook is $45 billion, while Bitcoin’s market cap is $71 billion respectively.
Aside from the Winklevoss twins, there are many other people who are supporting BTC and the potential of crypto.
buy eriacta online nouvita.co.uk/wp-content/themes/twentynineteen/fonts/en/eriacta.html no prescription
In 2019, some industry experts started offering optimistic projections for the market. Even though trends like these are nothing new, the fact that they are coming after 14 months of bearish conditions can signal a renaissance for virtual currencies.
Another interesting tweet comes from Brendan Blumer, who is the EOS and BlockOne chief. According to him, Bitcoin could replace gold as the leading store of value. Even though the analysts at JPMorgan don’t think so, this is an interesting thought.
Over the next two decades, #Bitcoin will replace #gold as the leading commodity to store value
— Brendan Blumer (@BrendanBlumer) March 17, 2019
Right now, the total market cap stands at less than $140 billion.
DC Forecasts is a leader in many crypto news categories, striving for the highest journalistic standards and abiding by a strict set of editorial policies. If you are interested to offer your expertise or contribute to our news website, feel free to contact us at [email protected]
Discussion about this post