Winklevoss Twins on Bitcoin: ‘We Took a Cannonball off the Diving Board’
By CCN Markets: Tyler and Cameron Winklevoss shared the rundown on “CBS Sunday Morning” alongside Father’s Day, Tim Allen and the latest edition of Toy Story as well as a look back at the Transcontinental Railroad. The twins were featured for their billionaire status, which they achieved through their early investment in bitcoin.
The Winklevii were astute enough to invest in bitcoin when it was trading in the high-single digits. Today the bitcoin price is hovering above $9,000. They explained on CBS their “decision to buy 1% of all bitcoins in the world,” saying:
“Some people might dive off the diving board. I think, in this case, we took a cannonball off the diving board.”
They added:
“Our thesis at the time was bitcoin’s going to disrupt gold. And gold has a market cap of $7 trillion today. So if bitcoin’s going to be worth $7 trillion or more, this seems like a cheap asset. It was a complete Wild West.”
| Source: Twitter
Cameron explained how he turned to his brother Tyler and said:
