Winklevoss Brothers Settle Bitcoin vs.

August 17, 2020 0 Comments


Yesterday, the Winklevoss brothers‘ interview with David Portnoy, CEO of Barstool Sports, was published on social networks, where the twins said that Bitcoin is definitely a better investment than gold.

Bitcoin is the big winner
The main topic of the interview was David Portnoy’s introduction to the world of cryptomontages, specifically Bitcoin. In fact, yesterday we reported that the celebrity had acquired $1 million in Bitcoin.
However, the interview also featured a very interesting comment by the Winklevoss twins.

„There are billions of dollars of gold floating on asteroids around this planet, and Elon Musk is going to get there and start mining gold. That’s why gold is a problem, because the supply is not fixed like Bitcoin,“ the brothers said.

Basically, the Winklevoss brothers argue that Bitcoin is definitely a better investment than gold, because the precious metal doesn’t really have a known fixed supply.

One of the brothers said that „gold is for boomers,“ adding that Bitcoin will be the only fixed asset in the galaxy.

JPMorgan: On the Bitcoin vs. Gold decision

Relationship between BTC and Gold
The debate over which of the two can be the best option has been going on since the time Bitcoin was born. However, the debate has gained greater positioning in current times where we all seek refuge.

So far, and as we pointed out earlier in Crypt Trend, it is very difficult to name a winner between the precious metal and cryptomone. The reality is that both have advantages and disadvantages.

Nevertheless, we have seen how more and more people and companies have decided to opt for Bitcoin. Even under the argument that there are already too many people in the gold market.

Meanwhile, we see how the price correlation between Bitcoin and gold reaches a new monthly high of 69.8%. A movement that, as we said before, is very much connected to the current circumstances of the global economy.

Certainly there are various projects related to space mining, one of them is Planetary Resources, a company that has raised 50.3 million dollars so far. However, for the time being the debate between gold and Bitcoin is ongoing.

Who do you trust more, gold or Bitcoin? Are the Winklevoss brothers right? Let us know in the comments.