Monday, February 26

Winklevoss Twins Ask for Patience After Bitcoin Crash

Bitcoin fell from a two-week high, but everyone from the Winklevoss brothers to the president of El Salvador is urging the faithful to stay strong.

«If Bitcoin is a better gold or is seen as a type of asset similar to gold, then it could be in the trillions on a market cap».

Did you know that Tyler and Cameron Winklevoss invested their millions in cryptocurrencies after winning a lawsuit against Facebook. Following the rise in Bitcoin values ​​at the end of 2017, they became the first crypto millionaires. Forbes says each of them is worth $5 billion.

The Winklevoss ask for patience after declines

Indeed, Bitcoin fell as much as 4.5% to $37,087. But, yesterday it hit $39,267, raising hopes that it was on track to recoup losses.

In fact, Bitcoin is down 40% from its all-time high of nearly $69,000 nearly three months ago.

In this regard, Noelle Acheson, director of market information for Genesis Global Trading Inc. expressed: «The market is in wait and see mode. I am not yet optimistic in the short term. The reason is that the mood can change very quickly».

Meanwhile, Tyler Winklevoss said: “We have chosen to put our money and faith in a mathematical framework free of politics and human error.».

Likewise, the president of El Salvador, Nayib Bukele, pointed out that prices will surely increase.

Nayib Bukele, anticipates a great increase in the value of Bitcoin

The president of El Salvador, Nayib Bukele, assured that it is only “a matter of time” for Bitcoin to experience a “giant” increase in its value.

Specifically, through his Twitter account, he indicated that «there are more than 50 million millionaires in the world. Imagine if each of them decides that they must own at least one Bitcoin».

It should be remembered that El Salvador adopted Bitcoin as the second legal tender in September 2021. This has led to a series of demonstrations of rejection by Salvadorans.

Brothers Tyler and Cameron invest in the Metaverse

Particularly, Animoca Brands Corp, announced having raised $5 billion in a funding round on January 18. In which Winklevoss Capital participated, the company with which the twins Tyler and Cameron Winklevoss invest in cryptocurrencies, in certified digital pieces, better known as NFTs, and now Metaverses.

I say goodbye with this quote from Tyler Winklevoss: «Bitcoin is not a faster horse; it’s a flying car».