Categories: Bitcoin Business

Winklevoss Twins: Bitcoin Can Overtake Gold With the Right Rules

Click here to view original web page at

The crypto markets are in a slump but Tyler and Cameron Winklevoss aren’t discouraged. The twin brothers, who are longtime fixtures in the Bitcoin world, believe digital currency has a bright future—so long as we have banking-style regulations that will help people trust it.

That’s the message behind their first marketing campaign, titled “Revolution Needs Rules,” which has featured a full-page New York Times ad and splashy billboards around Wall Street. The campaign also aims to promote the twins’ crypto exchange, Gemini, and the service’s newly launched app.

“The idea is that companies that build on top of things like Bitcoin should have regulation that’s thoughtful and that doesn’t stifle innovation,” said Tyler on Balancing the Ledger (video above.) “People believe in the dream of crypto, they just don’t know how to engage in it without getting burned. We’re here to say Gemini’s a place you can do that.”

Cameron added that cryptocurrency’s growth has been impeded by negative press that associated it with criminals, and by a misperception that Bitcoin is totally anonymous.

The twins say Gemini provides the same safeguards and consumer protections as other financial institutions, and that a fledgling trade group they launched, the Virtual Commodity Association, can become the crypto industry’s version of FINRA (a self-regulated body that oversees securities dealers).

When pressed whether regulators might also be hurting the growth of crypto—notably the state of New York and its ham-fisted management of a digital currency license—the Winklevoss twins didn’t take the bait. Both praised regulators, including the SEC, even though the agency soundly rejected Gemini’s proposal to offer a Bitcoin ETF.

“We get the Commission being conservative on this as it’s the first of many products, and we have to get it right,” said Cameron, adding that Gemini is not currently pursuing a new ETF application.

In terms of the current bear market for crypto, the twins agreed that so-called stablecoins (digital tokens pegged to the U.S. dollar) are a bright spot. According to Cameron, at least 60% of U.S. $100 bills are held overseas—a practice that could be simplified if the holders used stablecoins, including the Gemini Dollar, instead.

Cameron added that stablecoins amount to “dollars on the blockchain,” and can be used for paying for other crypto services or for issuing dividends.

The twins are also sticking to their longtime thesis that Bitcoin is poised to supersede gold one day, thanks in part to the digital currency’s fungibility and divisibility.

“The only thing gold has over bitcoin is a 3000 year head start,” said Cameron.

At the close of the show, the twins confirmed an oft-reported claim that they are the biggest Bitcoin holders in the world—except for the currency’s mysterious creator, Satoshi, who has a vast stash but has not moved his coins for over eight years. And in a moment of true sibling rivalry, Tyler and Cameron each claimed to hold at least slightly more Bitcoin than the other.


Illuminati, Mason, Anonymous I'll never tell. I can tell you this, global power is shifting and those who have the new intelligence are working to acquire this new force. You matter naught except to yourself, therefore prepare for the least expected and make your place in the new world order.

Disqus Comments Loading...
Published by

Recent Posts

Bitcoin {BTC} founder Satoshi Nakamoto will allegedly disclose his identity; Charlie Lee rejoices with regards to Bakkt launch

Satoshi Nakamoto was the man behind Bitcoin. His personal identity has remained secret for over a decade. Some believe that… Read More

2 hours ago

Crypto Community Reacts to Bakkt But Not all Are Bullish

The news that regulatory approval has finally been granted to Bakkt has generally been perceived as bullish for the industry.… Read More

2 hours ago

Bitcoin is not behaving like a safe-haven asset, says Ikigai founder Travis Kling

Kling doubts whether Bitcoin is ready to assume safe-haven responsibilities like its peers such as gold. Kling did note Bitcoin’s… Read More

2 hours ago

Istanbul Hard Fork: Ethereum Devs Agree to Make Six Different Code Changes

The developers of Ethereum (ETH), the world’s largest platform for building decentralized applications (dApps), have finalized six different codebase modifications… Read More

2 hours ago

Blockchain Voting System in Moscow Municipal Elections Vulnerable to Hacking: Research Report

A recent research report by a French cryptographer demonstrates that a blockchain voting framework utilized in Moscow’s municipal elections is… Read More

2 hours ago

What Would It Take To Build A World Without Globalists?

Authored by Brandon Smith via, You can bet that whenever you find people analyzing the root of a problem… Read More

8 hours ago

This website uses cookies. We use these cookies to collect data about your interaction with our website for the purpose of continuously improving your experience with our site. For more information we encourage you to read our privacy policy.

Read More