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It’s Not To Late To Buy Bitcoin – Follow The money!

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Smartest People in the Room are Buying Bitcoin – Winklevoss Brothers Speak Up

Throughout 2020, over a handful of traditional financial giants have picked up stacks of Bitcoin, including the likes of billionaire investor Paul Tudor Jones and business intelligence company MicroStrategy. These investments are a part of a flow of big money that has recently entered BTC, Gemini crypto-exchange co-founders Tyler and Cameron Winklevoss recently stated.

“These are the most sophisticated investors, the smartest people in the room, buying up Bitcoin quietly, so it’s not a fear of missing out thing,” Tyler Winklevoss said in a CNBC interview, published on Dec 11. Major institutions are here now for this bull run, as opposed to Bitcoin’s retail-led bull run of 2017, Tyler explained.

Over the course of 2020, in addition to Tudor Jones and MicroStrategy, ack Dorsey’s Square, Stanley Druckenmiller, J MassMutual, and Guggenheim Partners have all invested substantial amounts of money in Bitcoin. Their crypto plays come as a response to the unstable global economic atmosphere.

Bitcoin is often compared to gold as a store of value as well as an inflation hedge. Both Druckenmiller and Tudor Jones align themselves with this narrative. Tyler Winklevoss added:

“You have publicly-traded companies such as Square and MicroStrategy putting their cash into Bitcoin because they’re worried about the oncoming inflation that would come with all the money printing and the COVID pandemic stimulus packages.”

When asked about Bitcoin’s volatility as an asset used for transactions, the brothers called Bitcoin with its current system a “buy and hold” strategy comparative to gold. “We see Bitcoin as an emergent store of value that will disrupt gold,” Tyler said. “So it actually doesn’t even have to be used as a currency, meaning that the volatility doesn’t matter if it’s actually a store of value.” The billionaire also expects dwindling volatility for the asset as time passes.

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