Despite the pessimistic psychology of the cryptocurrency community before the dramatic decline of Bitcoin prices in recent days, Tyler Winklevoss is still optimistic. The billionaire twin, Winklevoss believes that the importance of Bitcoin will outweigh the current negative sentiment, and it will “rise stronger than ever”.
Winklevoss still believes in Bitcoin
Before the onslaught of the Covid-19 virus in less than a month, the price of Bitcoin dropped from over $ 10,000 to as low as $ 3,600 on some exchanges. Although BTC has recovered slightly and is hovering above the $ 5,000 mark, the majority of cryptocurrency experts on Twitter still expect a bearish future.
However, Tyler Winklevoss – co-founder and CEO of cryptocurrency exchange Gemini, has a different perspective on this issue. He described that Bitcoin has overcome many of the same adversities and it is still too early for the coin to get rid of everything. He tweet on Saturday:
"Bitcoin was born in 2008, in a winter of financial discontent. It has been weathered a lot here, and can't seem to give up anytime soon. It will rise stronger than ever from the current catastrophes. Decades cannot be measured in days. "
As he pointed out, the idea of Bitcoin was invented after the 2008 global financial crisis. In those years, most of the global financial markets flourished, but BTC outperformed all . Since the new crisis may be near, it will be interesting to track its development and find an answer to the question: Is Bitcoin a true safe haven? .
The Winklevoss twins – Tyler and Cameron, were among the first to accept Bitcoin. Their holding is equivalent to about $ 1.3 billion when Bitcoin reached an all-time high in December 2017.
These two characters became the focus of attention when they paid 312.5 BTC for Virgin Galactic space tickets in 2014. Later, as the price of the cryptocurrency continued to rise, those tickets considered the most expensive tickets, and Tyler regrets spending Bitcoin on them.
Not the only believers
In the context of panic today in the cryptocurrency market, it is impossible to express bullish view. Just yesterday, however, Edward Snowden showed his support for this leading digital asset.
The famous American whistleblower claims that there is no real reason behind Bitcoin's recent price cuts. Therefore, this is the first time that he feels like “buy the dip” Bitcoin.
Snowden – famous for leaking evidence that the NSA is secretly spying on people illegally, has previously described Bitcoin's decentralized and censorship-proof features as the main benefits of the network. .
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According to CryptoPotato
Translated by ToiYeuBitcoin