Cameron Winklevoss Compares Value of Domain Names in Dot-Com Era to Crypto Assets: Which Wins?

The cryptocurrency industry has gone from a single asset a decade ago into a multi-billion-dollar industry. Following in the same trends of the internet when it first came on the scene, Cameron Winklevoss brings attention on Twitter to how much more profitable the investments in Bitcoin has turned out to be.

  • Cameron Winklevoss tweeted a comparison of the rise of cryptocurrency value and the internet.
  • Bitcoin is presently trading above the $8,000 price level.

Bitcoin has an impressive following, with investors and proponents like Cameron and Tyler Winklevoss that have called the asset the Future of Money. The twosome has established the Gemini crypto exchange as co-founders, and have aggressively worked to make sure that the industry is seen in a more positive light.

Most recently, Cameron spoke about the way that crypto assets are much like domain names, which were the “assets of the dot com era,” as NewsBTC writes. He compares the two in an effort to show the way that the crypto industry has collected investors, which far surpasses the “few millions” that a small domain name brought in the 1990s.

Cameron has a certain preference for early technologies, like the internet and cryptocurrency. Getting involved with Bitcoin relatively early, Cameron and his brother were also tied to the Facebook social media network. The website was one of the earliest companies to offer the concept of social media, much like MySpace.

In a recent tweet of the Bitcoin bull and entrepreneur, Cameron brought attention to the comparison of these types of assets.

The few-letter domain names have essentially run out over the last decade, but the ones that still have these assets stand to be making major profits, in the event that a brand is interested. However, the limited supply of Bitcoin is a lot like the limited number of domain names with less than four letters.

Cameron compares a $10 investment with domain names to the same investment of $10 in Bitcoin in its early days. While domain names would end up bringing the investor a few million, the same investment in the early days of Bitcoin would be worth around $80 million in less than a decade.

By speaking about this comparison, it definitely sheds light on the potential of the Bitcoin and crypto market, making a powerful and world-changing technology into a highly successful market. Both Winklevoss twins followed along on these technologies that have proven their worth and the way that the world is still evolving. They saw the potential, saw the technologies, and saw their profits grow.

It would behoove other investors to be just as supportive to this budding technology, because it still has plenty of room to grow. The Bitcoin price is presently trading at $8,060.18, increasing by just 0.03% in the last 24 hours.

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Krystle M
Krystle is an American cryptocurrency blogger that wants to see the future of crypto and blockchain technology evolve. She has been writing about cryptocurrency for about a year, with a special interest in blockchain technology and regulatory measures around the world. While away from writing and learning about the changes in the cryptocurrency industry, she likes to indulge in science fiction novels and further her experience in playing both guitar and piano.

[Alert] Use the author's self-conducted information at your own risk, do you own research, never invest more than you are willing to lose.

[Disclosure] The published news and content on BitcoinExchangeGuide should never be used or taken as financial investment advice. Understand trading cryptocurrencies is a very high-risk activity which can result in significant losses. Editorial Policy \\ Investment Disclaimer


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