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Bitcoins: Bubble or Boom?
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Transcript of Bitcoins: Bubble or Boom?
The Winklevoss twins discussed their investment
in Bitcoins, an alternative digital currency.
The brothers maintain that Bitcoins have the
potential to become the new standard for
seamless money transfers that can replace costly,
time-consuming monetary transfers
and transactions through the traditional
banking system.
The Winklevoss duo reported that the demand for Bitcoins is from legitimate, not illicit, sources.
Bitcoins, for instance, are traceable whereas cash is not. They are urging regulators not to push this innovation offshore where it will thrive in places
such as China, where companies already accept it.
Cameron Winklevoss, Principal, Winklevoss Capital, and Tyler Winklevoss, Principal, Winklevoss Capital