Winklevoss twins say Bitcoin will recover as the space is regulated

09 Mar, 2019
by Richard Allen
Opinion
Winklevoss twins say Bitcoin will recover as the space is regulated

Building trust is the key to regaining confidence in the crypto sphere, according to the Winklevoss twins. Speaking with reference to the QuadrigaCX debacle, the twins said investors were left rattled after $194 million worth of crypto went missing, Bloomberg reports.

Speaking at the South By Southwest (SXSW) conference in Austin, Texas on Friday, the Gemini owners referred to the Quadriga fiasco as the latest debacle to beset the industry, likening it to the collapsed Mt. Gox in 2014, which set them on the path to creating Gemini.

There are a lot of carcasses on the road of crypto that we’ve seen and learned from,” Cameron Winklevoss said. “At the end of the day, it’s really a trust problem. You need some kind of regulation to promote positive outcomes.”

“You want to have a couple of layers of checks and balances,” Tyler Winklevoss added. “We are here for the long haul.”

Cameron stated that better oversight and compliance will be a driving force in helping Bitcoin’s price recover to previous levels, adding that Bitcoin may well see new highs in the coming years.

The twins also explained their goal of reaching 1 the billion people around the world who don’t have access to traditional banking options. “With a crypto address and a smartphone, all of a sudden you are in the system,” Cameron Winklevoss stated. “We are really just trying to extend the financial system, so you can send dollars anywhere in the world.”

Read more: 10 times Bitcoin was declared dead… and survived

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Poll

Do you agree with the Winklevoss twins?

(7 votes)

Add a comment

looks like gemini don't know anything about crypto world. they often tell stupid things
10 Mar, 2019 - 21:56
lol, they are just talking about nothing as well as they created coin which worth nothing. gusd
16 Mar, 2019 - 00:13
Gemini just wants to control everything, including people
10 Mar, 2019 - 22:31
this is really the question of trust - the trust to gemini
10 Mar, 2019 - 22:36
I wonder how much these gemini pay for the published interview? Nobody is interested in it
11 Mar, 2019 - 22:12
Isn't there already enough regulation? Gemini invites you to the "system" while the initial goal of crypto was to get out of it...
12 Mar, 2019 - 19:47
It drives me crazy to see how gemini build themselves as wise men
12 Mar, 2019 - 21:42
Yeah, more regulation will bring btc back. Can it be more stupid?
14 Mar, 2019 - 18:20
gemini don't look clever and the project doesn't look quite credible
14 Mar, 2019 - 22:11
Bitcoin will recover. But Gemini bros are wrong. Their whole point of view is wrong. They are just spoiling everything there is good about crypto.
15 Mar, 2019 - 08:37
Let’s them speak whatever they like about their flourishing future! These people are mad and Gemini is the most suitable scamcoin for such noobs.
18 Mar, 2019 - 00:16
Gemini knows how to lie nicely, don’t trust their fake news, this is only illusion like their shitty stablecoin!
18 Mar, 2019 - 00:23
gemini creators want to be everywhere. everywhere their opinion. I think its just to attract attention
19 Mar, 2019 - 11:00
gemini can’t prove that their dollar is backed by real one USD, this is scam, don’t you see?
21 Mar, 2019 - 11:59
something is not ok with Gemini, they must hide some fraud I bet, I will better watch them from distance.
22 Mar, 2019 - 16:52

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