Big guns in the industry, The Winklevoss Twins and Fundstradt’s Tom Lee have spoken out this week on Bitcoin’s “digital gold” potential, a topic they have all pushed before, and agree that now is the time to not sit on the fence when it comes to investing in Bitcoin.
Bitcoin entrepreneurs and Gemini founders Tyler and Cameron were renowned in sporting circles as a rowing pair who competed for the US in the 2008 Beijing Olympics. To those not familiar with crypto’s big guns, they are perhaps better known for suing Mark Zuckerberg in 2014 for supposedly stealing their Uconnect social networking concept which went on to become Facebook. The case netted them USD 65 million.
Cameron Winklevoss has reiterated his belief that currently, cryptocurrency is creating the foundations of a new financial system by adding some more spice to the argument this week, suggesting that:
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.
After a disturbing pullback to ~$6,200, #Bitcoin back >$8,000 further cementing positive trend intact.
As we said a few weeks ago, Consensus 2019 @coindesk was to prove whether crypto winter is over…
— Thomas (Tom) Lee (not the drummer) FSInsight (@fundstrat) May 19, 2019
Fundstrat Global Advisors’ head analyst, Tom Lee has also added his views speaking on ‘CNBC’s Markets Now’ saying that there is plenty to be optimistic about when it comes to Bitcoin’s current movement. Last month he predicted historic highs by 2020 for Bitcoin. Crypto Winter is officially over, according to Lee’s tweet on the weekend.
However, it should be noted that not all of Lee’s many predictions come good, particularly those made last year claiming that New York’s Consensus would boost the market. Last year’s event wasn’t his finest hour, predicting that it would boost Bitcoin to USD 25K by the end of 2018. In his defense he argued:
“Bitcoin doesn’t have to go up every day to move from USD 8,000 to USD 25,000. The ten best days account for all the return of bitcoin in a year. If you didn’t own bitcoin for ten days each year, you lost 25 percent each year.”
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