Cameron Winklevoss Believes that Bitcoin will "Disrupt Gold"
Cameron Winklevoss is related to cryptocurrencies as it is co-founder of Gemini Exchange the world's first licensed exchange. He has mentioned in its interview to CNBC those qualities which should be possessed by a product which can disrupt bitcoin market and according to him bitcoin posses those qualities.
Gold is in use since ancient time and it always had some value on international level. There are some reasons for the value of gold on our planet earth.
According to Cameron gold has high value because of its scarcity and this quality is also present in bitcoin as its supply is limited and it will stop one day similar to gold.
To disrupt the market the competitor should be better than gold and according to Cameron Bitcoin is also more durable and it is more easily portable than gold.
According to him gold market has become somewhat centralized and bitcoin is decentralized market that's the main beauty of it that there is not a headquarters which is controlling the market.
both of them are the hero of the crypto market
We don't need to disrupt gold. Central banks are what needs to be disrupted.
Bitcoin is "digital gold" and I have always said that if 20% of the gold market goes to bitcoin, that will shake the globe....bitcoin will be worth over 100K and it will happen.
He has a bias towards bitcoin, it makes sense but market will show what happens
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Nice article and a interesting read! I’ll be looking out for more of your posts.