Tyler Winklevoss: How bitcoins value is more meaningful compared to the dollar
- Given the current economic crisis brought on by COVID-19, many people are wondering how the United States dollar will survive this pandemic.
- Some people believe that the Dollar has already lost quite a lot of his power already.
Given the current economic crisis brought on by COVID-19, many people are wondering how the United States dollar will survive this pandemic. Some people believe that the Dollar has already lost quite a lot of his power already. This is the belief of one of the most well-known brothers in the crypto space, Tyler Winklevoss. In a tweet early this week, Winklevoss indicated that the recent pullback on the price of bitcoin is evidence that people care more about cryptocurrency and BTC rather than the United States dollars.
The co-founder of one of the biggest crypto platforms in the industry Gemini, said that the latest market movement came after the creator of bitcoin, Satoshi Nakamoto potentially sold off his vintage bitcoins from the year the leading crypto assets it was created in 2009. Even though these are only rumors, it is quite compelling at the same time.
Tyler made the argument that after bitcoin reacted so harshly to the rumours of Satoshi coming out earlier this week, it only shows how meaningful the value of bitcoin is compared to the US dollar. You can see his tweet below:
Or this demonstrates how much more meaningful the value of bitcoin is compared to the U.S. dollar. People care when 40 bitcoin move, but don’t blink when the Fed prints trillions of rolls of toilet paper because they’re desensitized and have lost count. https://t.co/WcfflRezlc
— Tyler Winklevoss (@tylerwinklevoss) May 21, 2020
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