Tyler Winklevoss says the smartest people in the room are buying bitcoin.

Gemini crypto exchange co-founders Winklevoss twins recently said that institutional investments from the likes of Microstrategy and Paul Tudor are part of a flow of big money entrances into bitcoin.

More than a handful of traditional financial giants have picked up stacks of Bitcoin throughout this year, including the likes of billionaire Paul Tudor Jones and business intelligence firm MicroStrategy. These investments are part of a flow of big money entrances into BTC, Gemini crypto exchange co-founders Tyler and Cameron Winklevoss recently said. The price of the leading cryptocurrency Bitcoin also witnessed a massive surge later this year. If you would like to know how to buy bitcoin or is bitcoin a good investment, read on our guide to understand how cryptocurrency investment works.

 

“The smartest people in the room are buying bitcoin.”

In a CNBC interview, Tyler Winklevoss said that this is the most sophisticated investors, the smartest people in the room, buying the Bitcoin quietly, so it’s not a FOMO [fear of missing out] thing. Major institutions are here for this go-round, as opposed to Bitcoin’s retail-led bull run in 2017, he further explained. This year, in addition to Tudor Jones and Microstrategy, Stanley Druckenmiller, Jack Dorsey’s Square, MassMutual, and Guggenheim Partners have all gained exposure to Bitcoin. Their crypto plays come in line with an unstable global economic atmosphere rife with excessive money printing efforts.

 

“They’re worried about the scourge of inflation with all the money printing.”  

Druckenmiller and Tudor Jones have aligned with the narrative Bitcoin is similar to gold as a store of value and inflation hedge. Tyler Winklevoss further noted, “Also, you have publicly-traded companies like Square and MicroStrategy putting their treasury cash into Bitcoin because they’re worried about the oncoming inflation and the scourge of inflation with all the money printing and the stimulus from the COVID pandemic lockdowns.” When asked about Bitcoin’s volatility as an asset for transactions, the Winklevoss twins called Bitcoin a “buy and hold” strategy comparative to gold. “We see Bitcoin right now as an emergent store of value that will disrupt gold, and that gets us to a $9 trillion market cap for Bitcoin,” Tyler said. 

ADVERTISEMENT
Jai Pratap
Jai Pratap
A Mass Media Graduate who loves to write. Jai is also a sports enthusiast and a big movie buff. He loves to learn new things.

Leave a reply

Please enter your comment!
Please enter your name here