- Cameron Winklevoss calls for HODLing amid global economic uncertainty
- Inflection point expected in the near future
Cameron Winklevoss, one-half of the famous Winklevoss Twins has urged Bitcoin users to HODL as well as predicting an inflection point caused by the Coronavirus pandemic. He believes that the next year is going to be crucial for the cryptocurrency as manipulation in fiat systems will bring increased inflation and further pressure on the current reserve model.
Cameron and Tyler Winklevoss are the co-founders of the Gemini Cryptocurrency exchange as well as the Gemini Dollar, a stablecoin project. They are early Bitcoin investors and are proponents of long-term HODLing.
Winklevoss underlined the importance of the Covid-19 and its wide-ranging impacts on the crypto industry in a series of tweets he made. He said:
“This pandemic will be an inflection point for Bitcoin and the Metaverse.”
He followed it up with advice to HODL Bitcoin amid this uncertainty and economically crunch times. Bitcoin itself was born as a result of the 2008 financial crisis and this latest one is expected to be bigger in terms of impact on the current system. Winklevoss in addition to other crypto billionaires and influencers are upbeat about the future of the top cryptocurrency but has cautioned users against FUD, asking them to hold on.
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