{"id":383150,"date":"2019-05-21T20:00:14","date_gmt":"2019-05-21T20:00:14","guid":{"rendered":"https:\/\/uniquehot.com\/?p=383150"},"modified":"2019-05-21T15:14:42","modified_gmt":"2019-05-21T15:14:42","slug":"cameron-winklevoss-on-crypto-not-investing-in-the-future-of-money-is-crazy","status":"publish","type":"post","link":"https:\/\/uniquehot.com\/news\/cameron-winklevoss-on-crypto-not-investing-in-the-future-of-money-is-crazy\/","title":{"rendered":"Cameron Winklevoss on Crypto: Not Investing In the \u201cFuture of Money\u201d is \u201cCrazy\u201d"},"content":{"rendered":"

Bitcoin<\/a> and the crypto industry it birthed is still new, misunderstood, and is many years away from having its potentially fully realized as a monetary asset, store of value, or transactional currency. But it\u2019s clear to many that the young, emerging financial technology has incredible potential \u2013 potential that\u2019ll be unlocked only with time and support. The potential is enough to make crypto among the most exciting asset classes for investors at the moment, from retail to institutions.<\/p>\n

Because the technology hasn\u2019t yet had time to mature and prove itself, some believe that investing in cryptocurrencies is \u201ccrazy.\u201d Even crazier, says Cameron Winklevoss<\/a>, is not investing in Bitcoin and other crypto assets.<\/p>\n

Crypto Crazy: To Invest in Bitcoin and the \u201cFuture of Money\u201d or Not?<\/h2>\n
Last night, the New York Post published an article<\/a> with the FUD-fueled title \u201cBitcoin will soon be worth zero,\u201d offering very little to support the idea and speculating on the crypto asset\u2019s eventual demise. Naysayers of the digital currency are not difficult to come by, and reside at the Federal Reserve, in Congress, at the world\u2019s most powerful banking firms, and more. These powers that be all say the same thing: you\u2019d be crazy to invest in crypto.<\/p>\n
Related Reading | Why The Next Bitcoin Bull Run Could Eclipse The Last Crypto Bubble\u00a0<\/a><\/strong><\/em><\/p>\n
Some points are valid; the technology is new, and is far off from scale or widespread mainstream usage. Many are uncomfortable with the unfamiliar technology and rightfully so – nothing requires more security and safety than one\u2019s wealth and finances. It\u2019s also been highly demonized in the public eye, for its involvement in money laundering and drug markets on the darknet, not to mention the way retail investors were burnt by the 2017 bubble pop.<\/p>\n
But beyond on that is the basis of blockchain, a transparent ledger and decentralized currency system that allows individuals to become one\u2019s own bank, sending value across the internet without the need for an intermediary. The technology is being billed as the future of money and a game changer for a vast number of industries.<\/p>\n
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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.<\/p>\n
— Cameron Winklevoss (@cameron) May 20, 2019<\/a><\/p><\/blockquote>\n