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Winklevoss Twins: Facebook Cryptocurrency Is ‘Cool’, Gemini Will Be as Successful as Amazon

  • Alex Morris
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    🎢 The Winklevii share details about their Bitcoin journey, ✨weight in on the current market sentiment and bury the hatchet with Mark Zuckerberg ⚔️👌


Winklevoss Twins: Facebook Cryptocurrency Is ‘Cool’, Gemini Will Be as Successful as Amazon
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During an interview with The Daily Telegraph, the Winklevoss brothers discussed the current state of the cryptocurrency market among many other things. Notably, the Winklevoss twins are ‘still doing better’, not being deterred by the crypto winter.

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It all started in Ibiza

Despite being born into wealth and getting $20 mln in cash and $45 mln in Facebook shares from Mark Zuckerberg (who allegedly stole their idea of the social network), it was Bitcoin that made them billionaires.

Cameron Winklevoss recalls that they found out about the cryptocurrency back in 2012 during their holiday in Ibiza. A stranger, who probably watched ‘The Social Network’ asked whether or not they heard about ‘secretive virtual money’ that only ‘small selective few’ would trade on the Internet.

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Boom or burst

After realizing that Bitcoin could either explode or perish (there was no middle ground), the twins decided to place a big bet with the money they won from Zuckerberg who is currently mulling over launching Facebook Coin. However, the Winklevoss brothers are very secretive about the numbers. There are numerous speculations in the media about how much Bitcoin they actually own.

One thing is certain - they belong to a very selective group of crypto billionaires along with Coinbase’s Brian Armstrong.

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Still doing great

Despite the fact that the Bitcoin price took a hammering in 2018, the famous twins do not seem to be bothered by that. Tyler even reveals that they do not check the price of Bitcoin on a daily basis since it's not productive. They jokingly said that they are ‘still doing better’ given they dipped their toes into the mercurial market when the price of Bitcoin was sitting at $8. Those who aren't able to deal with price swings should stay away from investing, Cameron states.

Cameron also added that Gemini, the cryptocurrency exchange they launched in 2015, would be as successful as Amazon in ten years.

Buring the hatchet with Zuckerberg

Tyler thinks that Facebook’s foray into crypto is ‘cool’. Meanwhile, Cameron is also glad that their rival Zuckerberg is going to launch his own dollar-pegged stablecoin, which could be ‘a really positive thing’ for crypto.

They also predicted that ‘something bigger’ that Facebook is coming that will deserve a movie of its own in 25 years.

Cover image via u.today
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Bitcoin's April 2 Breakout Was Reportedly Orchestrated by One Trader


Bitcoin's April 2 Breakout Was Reportedly Orchestrated by One Trader
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It’s been over two weeks since Bitcoin’s astronomical surge on Apr. 2, but new theories about what might have caused this bullish uptick continue to pop up. According to crypto-oriented analytical firm CoinMetrics, that epic surge was causes by a single trader.

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Mammoth-size trades

CoinMetrics claims that ‘a single committed trader’ concocted a plan to push the BTC price, and he successfully managed to do that by picking the time of the day when the global liquidity is at its lowest level.


(Source: CoinMetrics.io)

(Source: CoinMetrics.io)  

The report also suggests that the trader started to execute his plan on HitBTC (500,000 USDT were traded for Bitcoin prior to the price movement). After that, large trades were observed on Coinbase and Bitfinex.      

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Focusing on the future

Meanwhile, as reported by U.Today, another theory states that the rapid price surge was triggered by the expiration of the CME futures contracts and heavy spot and over-the-counter buying. One expert went as far as claiming that a simple April joke about the Securities Exchange Commission (SEC) could do the trick.

While no one is quite sure about what could have triggered the short-living rally, there is even a bigger disconnect when it comes to Bitcoin price predictions. While some share their bullish predictions for 2019, another report states that it could take 22 years for Bitcoin in order to match its current ATH of $20,000.

Cover image via 123rf.com
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