The Winklevoss Twins’ are Still “Extremely Confident” About the Crypto Industry in Latest Yahoo Interview
As many of our readers might be aware of, the Winklevoss twins made an appearance at the recently concluded SXSW festival that took place in Austin, Texas.
The brothers are both Harvard graduates and it is also incidentally the campus where they first came into contact with one of the most famous people in the world ‘Mark Zuckerberg’.
During their time at the prestigious institution, the Winklevosses accused Zuckerberg of stealing their idea for Facebook— for which they later received a handsome settlement fee of $20m cash and $45m in Facebook shares.
Since then, the Winklevosses have gone on a path that differs quite significantly from the one adopted by the Facebook top-man. For starters, Tyler and Cameron are often referred to as the “testosterone twins” for their lavish globetrotting escapades as well their frequent red carpet sightings.
In a recent interview with the Daily Telegraph, when Tyler was asked about how he feels a business should be run, he was quoted as saying:
“I don’t have kids, but like, if you are a parent you don’t just turn on and off. It is a 24 hour job that is all encompassing and that is what a start-up is, so you have to do a good job of carving out personal time and time for yourself. But it is not like a Monday-through-Friday exercise. It is all the time and, you know, it is great but and it is fun in its own way, but it is definitely not for everyone.”
“We Discovered Bitcoin By Pure Chance”
On the subject of how the billionaire twins came across Bitcoin, they replied by saying that during a holiday back in the summer of 2012 (to Ibiza), a stranger who had recognized the brothers from the film “The Social Network” told them about virtual currencies and how through their use, the digital payments market could slowly be transformed from the inside out.
The Winklevosses were particularly sold on the idea of an asset that did not need the interference of an intermediary body such as a bank to oversee its operations. As a result of this, the twins decided to take a big gamble on Bitcoin using the money they had obtained via the aforementioned Facebook settlement.
With that being said, it is worth remembering that the crypto industry still has its fair share of detractors such as economist Nouriel Roubini, who is most famous for predicting the market meltdown of 2008.
Similarly, finance guru Warren Buffett too has likened Bitcoin to “rat poison” many times over in the past.
More About the Winklevosses
In 2015, the brothers decided to set up their very own cryptocurrency exchange called ‘Gemini”. Since its inception, the trading platform has blossomed into one of the premier crypto procuration avenues for novice as well as experienced crypto enthusiasts within the United States.
From the perspective of their upbringing, we can see that the brothers were privately educated in Connecticut.
Having been born into an academically oriented family, the brothers were naturally attracted to the world of intellectual discourse— this is highlighted by the fact that both Tyler and Cameron were accepted into a number of prestigious ivy league schools back in 2003.
Cameron: “The Crypto Industry Will Become Way More Successful Than Amazon”
When asked about the future of the crypto sector, Cameron quipped that when Amazon was founded, most people were of the opinion that there was no way such a tiny internet startup could stand up against a business like ‘Barnes and Noble’. In the same vein, he likened the crypto industry to a burgeoning potential field that was primed for big things in the near future.
On the issue of Facebook designing its very own cryptocurrency as well as carrying out some very niche’ blockchain oriented research, Cameron was quick to say:
“Crypto is transferring value and putting markets on certain resources which is, like, greater, like, brings more people in, like, than, like, sharing photos right,”
Tyler then went on to add:
“Which is powerful. People want to connect and stuff, but if you actually pay people and things in value that is almost, like, more significant,”
Whether you like them or hate them, there is no denying that the Winklevoss brothers have become one of the most recognizable faces within the crypto world today.
It now remains to be seen whether their predictions actually come true in the months to come.