One half of the Winklevoss twins and co-founder of the Gemini cryptocurrency exchange, Cameron Winklevoss, has debated that it would be “definitely crazier” to be a bystander on the sidelines than to be a part of the future of money that Bitcoin and other crypto are building.
Some people think it’s crazy to invest in crypto. Maybe. But definitely not as crazy as sitting on the sidelines when the future of money is literally being built before your eyes.
— Cameron Winklevoss (@winklevoss) May 20, 2019
Not ready to be outdone by his brother Tyler, also a Bitcoin bull active on Twitter who has called Bitcoin “Gold 2.0“, Cameron said:
“Some people think it’s crazy to invest in crypto. Maybe. But definitely not as crazy as sitting on the sidelines when the future of money is literally being built before your eyes.”
There are plenty of detractors, of course, even as Bitcoin surmounts a credible rally towards new highs in 2019, beating all other traditional assets such as gold, oil and the stock markets to be the best performing asset of the year so far. One such person is popular TV personality and wealthy entrepreneur Kevin “Mr Wonderful” O’Leary of Shark Tank fame.
In his recent argument with crypto analyst Anthony Pompliano of Morgan Creek, O’Leary insisted that there was no value in owning Bitcoin as an asset class:
“Tell me why this, which is basically a digital game, has any intrinsic value. And where is the long-term value? Just this idea that they’re going to cut the number of units in half is just a scam. That’s just total BS.”
Long time commentator Tom Lee, as well as others like the Winklevoss brothers, however, are of the opinion that Bitcoin has more than made a case for its title as “digital gold”. The millions of users and thousands of merchants accepting Bitcoin would be keen to agree.
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