Crypto Holds Potential to Build a Strong Social Network: Winklevoss Twins
March 12, 2019 5:10 pm
The emerging crypto industry with its distinctive features has lead to the formation of a strong community of active supporters. However, this community has seen many divisions taking place as new digital currencies keep stealing the spotlight from time to time.
Nevertheless, the Gemini co-founders, Cameron, and Tyler Winklevoss believe that crypto could ultimately be one of the most formidable social networks mankind has witnessed and they hope to help in making it a reality.
Money One of The Strongest Networks of Value: Winklevoss Twins
Winklevoss brothers recently commented about the future of cryptocurrency, indicating it as a highly social and uniting force, during an interview with the CNN. The interview includes the twins talking about their exchange (Gemini) as well as the new release of their exchange’s mobile app.
As far as the risks associated with the cryptocurrencies are concerned, the twins explained that they aim to provide users and investors with a highly regulated platform that is conducive to eliminating at least a portion of risk that this inherent with all nascent markets.
Positive Market Growth is Based on Trust
At the South by Southwest conference in Austin, Texas, the twins emphasized the importance of regulation being the crucial factor in building the industry.
“There are a lot of carcasses on the road that we’ve seen and learned from… At the end of the day, it’s really a trust problem. You need some kind of regulation to promote positive consumers,” Cameron Winklevoss explains, further he adds that increased oversight and compliance will show positive changes in Bitcoin’s price.