{"id":382888,"date":"2019-05-20T00:00:22","date_gmt":"2019-05-20T00:00:22","guid":{"rendered":"https:\/\/uniquehot.com\/?p=382888"},"modified":"2024-06-11T13:40:06","modified_gmt":"2024-06-11T13:40:06","slug":"winklevi-twins-double-down-on-bitcoin-is-gold-2-0-narrative","status":"publish","type":"post","link":"https:\/\/uniquehot.com\/news\/winklevi-twins-double-down-on-bitcoin-is-gold-2-0-narrative\/","title":{"rendered":"Winklevoss Twins Double Down On “Bitcoin Is Gold 2.0” Narrative"},"content":{"rendered":"

Although the crypto industry has changed dramatically in its decade-long lifespan, the narrative surrounding Bitcoin<\/a> (BTC), along with its cardinal\u00a0value proposition. has been steady, more or less. Yet, there have been a few nuances.<\/p>\n

Case in point, over recent years, proponents of the cryptocurrency have been wishy-washy with the asset being a Store of Value (SoV) or a Medium of Exchange (MoE). As both arguments have their merits and proofs, a sometimes volatile dichotomy has formed between commentators, researchers, analysts, and investors touting the distinct thought processes.<\/p>\n

Related Reading:\u00a0 Bitcoin May Be Gearing Up for a Move to $10,000 as Upwards Momentum Continues<\/a><\/h6>\n

In fact, many argue that what catalyzed the now infamous hard fork of mid-2017 was an argument about whether BTC was actually, well, digital cash. More and more are coming to the conclusion though that prior to becoming a new form of money, Bitcoin will first need to become the go-to store of value.<\/p>\n

Bitcoin As Gold 2.0<\/strong><\/h2>\n

In a recent tweet, Tyler Winklevoss, one of the Winklevi(i) twins and the chief executive of Gemini, noted that he sees Bitcoin as “gold 2.0”. He states that the cryptocurrency “matches or beats” gold across the board. As he said<\/a> in a previous interview, the only thing that gold has over BTC is a \u201c3,000-year headstart.\u201d<\/p>\n

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Bitcoin is gold 2.0. It matches or beats gold across the board. It\u2019s market cap is ~140bil, gold\u2019s market cap is ~7tril. Do the math!<\/p>\n

— Tyler Winklevoss (@tyler) May 16, 2019<\/a><\/p><\/blockquote>\n