Winklevoss Twins predicted a $ 7 trillion capitalization of the cryptocurrency market
During the session of questions and answers on the Reddit portal, the founders of the Gemini cryptocurrency exchange - brothers Cameron and Tyler Winklevoss predicted that in the future the capitalization of the cryptocurrency market would exceed $ 7 trillion.
According to the twins, the evolution of technology in the future will change the trade, financial system, Internet and cash. They stressed that the process would not be easy and perhaps not very successful, but the brothers believe that technological revolutions will create new rules and this will lead to success.
Winklevoss told that they first learned about Bitcoin in 2012 and, after becoming familiar with the technology, were filled with confidence that the first cryptocurrency marks the beginning of a new, magnificent era of money and the financial history of the world. They started buying Bitcoins, but found that it was not so easy to do. Gemini's mission is to create a platform that investors will trust in the long term.
Brothers also confirmed their optimism about Bitcoin and stressed that they believe in Bitcoin more than in gold. According to the founders of the Gemini exchange, the capitalization of cryptocurrencies in the future will exceed the capitalization of gold ($ 7 trillion).They also confirmed their intention to launch a cryptocurrency exchange-traded investment fund (ETF). Despite the problems with obtaining approval from the US Securities and Exchange Commission (SEC), they believe that it is the launch of Bitcoin ETF that will put an end to the bear trend in the market.