Tyler Winklevoss: 'Bitcoin (BTC) Is Better at Being Gold ...

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Tyler Winklevoss, Gemini Co-Founder, Says: ‘Bitcoin (BTC) Is Better at Being Gold Than Gold Itself’ Sep 22 2020 · 08:04 UTC by Steve Muchoki · 3 min read Photo: Shutterstock Renowned Bitcoin billionaire Tyler Winklevoss has released a blog post providing compelling reasons why Bitcoin will be worth over $500 000 in the future.. Winklevoss published an article on the Winklevoss Capital blog page this week titled ‘The Case for $500k Bitcoin’ which essentially breaks down the macroeconomic climate of the global economy and puts forward a plethora of reasons why ... Cameron Winklevoss’ prediction of a ~$320,000 Bitcoin assumes a 10- to 20-year timeline. John Pfeffer: $700,000 “Bitcoin is the first viable candidate to replace gold the world has ever seen. So, if Bitcoin becomes the dominant non-sovereign store of value, it could be the new gold, or new reserve currency.” – John Pfeffer. The total value of the burn was worth around $68mln and has removed these BNB tokens from the Binance Smart Chain ecosystem forever. This was also an increase from its previous BNB token burn. This latest burn is the biggest Binance has carried out in terms of fiat value, while its the fourth highest amount of BNB tokens burned in one instance. Winklevoss Capital, a firm owned by Gemini exchange has stated some key reasons why Bitcoin is better than gold as a store of value. In the report, Bitcoin was placed side by side with other instruments of the financial market including gold with the store of value been the main yardstick. Bitcoin has more meaningful value than the dollar. Winklevoss backed his statement by making a comparison with the US dollar. He explained that retail investors had become desensitized regarding the value of the USD. This goes as far as the fact that the Fed can print trillions of dollars and people won’t even notice. On the other hand, Bitcoin investors are so alert that a move of some ... Winklevoss twins on crypto: ... People will be unlikely to try to buy goods at a store (either a physical one or a website) if the value of a bitcoin is changing so rapidly. "We're jumping the gun ... The bitcoin price, up around 30% on the last six months, has developed a reputation as a potential hedge against inflation, similar to gold—and the Winklevoss twins, who founded of the New York ...

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Binance Buying CoinMarketCap & Why It's Great for Bitcoin Price

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