Tyler Winklevoss, co-founder and CEO of Gemini, has chosen a different outlook on crypto scenarios whilst the whole community is gripped in fear due to an unexpected market downturn. He emphasized in a tweet that Bitcoin would surpass this harsh time and come back stronger than ever:
The Winklevoss twins, Tyler and Cameron, are among the most renowned early adopters of Bitcoin. There was an estimation that they held a huge amount of Bitcoin which was equivalent to $1.3 billion during the market’s peak in December 2017. Despite the desperation in the crypto community caused by the recent price plunges, the Winklevoss twins keep the strong belief that Bitcoin will overcome the current negative sentiment and it is too soon to give up on it.
To further prove the point, he clarified that after the global financial crisis in 2008, the financial markets sprung back and flourished in the following years, yet BTC outperformed them all. As the global economic meltdown seems to be looming, it would be interesting to see what will be the outcome for Bitcoin, which was intentionally created as a sound money to withstand dreadful events like the major global recession.
Winklevoss is not the only optimist in the current time of desperation. An American whistleblower, Edward Snowden also expressed his viewpoint through a tweet:
Edward Snowden, who exposed the National Security Agency (NSA) by leaking highly classified information in 2013, claimed that the price dropped too hard with too little reason, and amid the crypto and stock markets crashes, for the first time in a while he “felt like buying Bitcoin”.
You may also want to read: Edward Snowden ‘Feels Like Buying Bitcoin’ as the Price Drops with ‘Too Little Reason’
