Cameron winklevoss bitcoin

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Receive all Bitcoinist news in Telegram! Bitcoin has come a long way since the time 10,000 coins were allegedly used to buy a pizza— and if you ask Bitcoin bull Cameron Winklevoss, the gold standard of cryptocurrency still has a long way to go. Wednesday this week to CNBC at the Milken Institute’s MENA Summit while claiming Bitcoin is better than gold. Taking bitcoin in isolation we believe bitcoin disrupts gold. We think it’s a better gold if you look at the properties of money. Its sort of equals a better gold across the board.

By Winklevoss’ logic, the argument that digital gold is actually superior to physical gold means the total market capitalization of Bitcoin should match, if not surpass, that of gold. And so a lot of people are starting to see that, they recognize the store of value properties. Whether or not Bitcoin is better than gold has been an especially contentious debate as of late. The World Gold Council has even published a report which claims Bitcoin could undermine central banks.

Tyler Winklevoss has also come to Bitcoin’s defense against critics like J. Morgan CEO Jamie Dimon, Warren Buffett, and Goldman Sachs. Do you agree with Camron’s prediction? Let us know in the comments below! Cryptocurrency exchanges dealing with ICOs are now required to register with the SEC, though one director at the independent agency claims the response has been weaker than expected. He also noted that a statement on either Ethereum or Ripple will be coming in the future. Cryptocurrency exchange BitMEX recently added EOS futures contracts to its platform.