Two of the biggest voices in the crypto world continue to pound the drums for the future of blockchain based cryptocurrencies as investors gear up for big changes this spring.
The voices in question belong to the Winklevoss twins, Tyler and Cameron, cofounders of the Gemini Exchange and early participants in the concept of Mark Zuckerberg’s Facebook.
Those who are clued into the history of social media will remember the controversy over Facebook’s origins and might be familiar with some of what the twins did afterward.
Building a billion-dollar empire in Bitcoin, the “Winklevi” started Gemini and also created their own “Winkdex” crypto index explained on the landing page this way:
“The Winklevoss Blended Indices (WBxI) are used to collar their respective 4pm Eastern Time Gemini auctions. The WBxl includes the Winklevoss Blended Bitcoin Index (WBBI) and the Winklevoss Blended Ethereum Index (WBEI).”
The site explains that futures for CBOE bitcoin represented by the ticker XBT are cash-settled contracts determined by Gemini’s Bitcoin auction price.
In speaking to the Telegraph March 17, according to Cointelegraph reporting by Marie Huillet today, the Winklevoss twins both endorsed crypto’s future value to markets, Tyler saying:
“[Blockchain transaction concept is] powerful. People want to connect and stuff, but if you actually pay people and things in value that is almost, like, more significant.”
For those who tuned into the AMC hit “Halt and Catch Fire,” the Winklevoss opinion seems legit – take the early bulletin boards of the emerging Internet, which started out as communication tools and eventually morphed into online marketplaces. What Cameron seems to be saying is that while chatting is good, transactions are even better, and that might be part of what makes 2019 the year of the block chain.
Just a few years ago, few of us had heard about blockchain or cryptocurrency or Bitcoin. But the broad array of practical applications is bringing these terms and related technologies into our lexicon quickly. Think about how the Winklvoss bitcoin pioneering may represent opportunities for your own portfolio and a greater sea change in future years.