WINKLEVOSS BROTHERS WON' T SELL THEIR BITCOINS EVEN IF THEY REACH $380,000 PER UNIT.

in #bitcoin7 years ago

Winklevoss_Gemini_Exchange_Casa-de-Cambio_Criptomonedas_Bitcoin_Reino-Unido.jpg

The Winklevoss brothers have become some of the most famous and millionaire characters in the bitcoin ecosystem. Five years after their initial investment, they still consider bitcoin to be and will remain one of the best investments in the coming decades. Which is why they won't sell their bitcoin so the cryptocurrency reaches $380,000.

Tyler and Cameron Winklevoss began buying bitcoin in 2012, when the price of 1 BTC was around $10. At that time - and even now - the investment in bitcoin was described as risky, mainly due to market volatility. This caused many Silicon Valley techies and Wall Street investors to mock the twins for investing their fortune in what was by then a coin for Internet drug dealers.

However, according to an interview with The New York Times, the twins are comfortable with the high risks of their investments and do not plan to sell their BTCs even with the price increase predictions for 2018, because their bet is long term.


"We are very comfortable in very high risk environments without any guarantee of success. I don't mean to exist in that environment for days, weeks or months. I mean, year after year."

Tyler Winklevoss


During the interview, there was talk of a milestone for the bitcoin market: that market capitalization exceeds that of gold; a fact that would establish capitalization at $8 billion and 1 BTC at approximately $380,950.

With these perspectives, Tyler Winklevoss said that if that milestone were reached, they would remain true to their position in the long-term game, because "bitcoin is more than gold", and has advantages that the commodity cannot achieve as divisibility, security and portability, he explained.


"In a funny way, I'm not sure we even sell there[when the price of Bitcoin exceeds $380,950]. Bitcoin is more than gold: it's a programmable money reserve. You can continue to innovate."

Tyler Winklevoss


These statements demonstrate high levels of confidence in digital coins by the twins, confidence and enthusiasm that have been represented in actions by the Winklevoss, as they have been running one of the first digital exchange houses since 2015 to begin operating in the United States in a regulated manner, Gemini.

Earlier this year, the Winklevoss also set their sights on an alternative market for cryptocurrencies and applied to the U. S. Securities and Exchange Commission for approval of a listed investment fund (ETF). Innovative and risky proposal for the moment, which was rejected, but which today has become a recurring request among companies of traditional financial markets.


I hope you found the information helpful! Please give me your vote and resteem my post to help me grow in the community. Also follow me so that you don't miss the latest news about the cryptocurrencies. Greetings from Venezuela ;)

follow-1277026_960_720.png

Sort:  

That is interesting, however I am skeptical that they won't take any profits before then... There would be a lot of temptation. But good article, thanks for posting it!

Right, although they have already been tempted for 5 years and have been persevering hahaha. Let's see if they keep their word to leave their investment there in bitcoins. Thanks for your comment @davemccoy greetings :)

I'm shocked they have held out so long, but I'm sure they are more sophisticated and connected and realize where the real objective/potential is located. You're welcome for the comment and thank you for engaging me in conversation @emmanuel250998 :) and Happy New Year too!!!

Lot of public crypto personnality say the take 50% cash, 50% Crypto. I think it a smart move, only if you have a lot of them. For me, I'll keep my Steem till I can't power up anymore! (Probably impossible hahaha)

Thank for sharing this story

Coin Marketplace

STEEM 0.15
TRX 0.12
JST 0.025
BTC 54280.30
ETH 2452.56
USDT 1.00
SBD 2.24