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In a televised interview, the Winklevoss Twins state that bitcoin is more stable than gold as a store of value, opining that investors are starting to look at storing their wealth in the cryptocurrency.
The Winklevoss Twins are understandably going through a press-tour, plugging their Gemini exchange which began operations in Canada yesterday.
Speaking to Bloomberg in an interview, the twins vouch for bitcoin as a better store of value than gold, noting that investors who hold precious metals in their portfolio are considering bitcoin as a better store of value.
Cameron Winklevoss opined that bitcoin, the way they saw it, is digital gold, or “a better version of gold as a store of value.” The cryptocurrency’s characteristics such as fixed supply garners interest from those suffering due to economic instability, he said, pointing to economic crises like the Cyprus bail-in.
It [bitcoin] definitely reacts in situations