The Winklevoss twins say that the regulation will strengthen confidence in the cryptography industry and help Bitcoin prices return to higher levels, even than previous ones reached in December 2017, where each BTC token reached a price that was around $ 20,000.
Cameron and Tyler Winklevoss, the owners of the crypto Exchanges Gemini, flew to the South By SouthWest conference (SXSW) that took place in Austin, Texas, for their first attendance since 2016.
In their speech they called for stricter regulation, the twins cited the $ 194 million missing from QuadrigaCX as the latest debacle that continues besieging the cryptocurrency industry, and with the implosion of Mt.Gox as the event that He set them on their way to the Gemini facility.
“THERE ARE MANY CORES IN THE ROAD OF THE CRYPTOGRAPHY, WHICH WE HAVE SEEN AND OF WHICH WE HAVE LEARNED. AT THE END OF THE DAY IT IS REALLY A CONFIDENCE PROBLEM. IT IS URGENTLY NECESSARY ANY TYPE OF REGULATION TO PROMOTE POSITIVE RESULTS, “SAID CAMERON IN ITS COMMENTS ON THE SXSW TO ALL PUBLIC PRESENT.”
Invoices and balances:
His brother Tyler also spoke at the South By SouthWest conference:
“YOU WANT TO HAVE A COUPLE OF LAYERS OF CONTROLS AND BALANCES. WE ARE HERE HOPEFUL TO REACH LONG-TERM EXISTENCE.”
Not everyone will agree with those goals, preferring cryptography as far as possible from the government and regulators, but is it really viable? After 10 years, the discussion is still very heated.
The twins see regulation as the key to recovering the price of Bitcoin, as they have often mentioned:
“A BETTER SUPERVISION AND COMPLIANCE WILL ALSO HELP THE BITCOIN PRICE RECOVER AT PREVIOUS LEVELS OR MORE. IT IS POSSIBLE THAT THE VALUE OF BITCOIN INCREASES IN THE NEXT YEARS, BUT FIRST HAS TO ARRIVE THE ACCURATE REGULATIONS.”
Recall that the Winklevoss twins inherited their wealth and took Mark Zuckerberg to court after accusing him of stealing the idea of Facebook.
Their crypto Exchange, Gemini, is more than regulated, as they have been responsible for promoting whenever they can; In addition, the twins are behind the creation of a self-regulating industrial body in the US. UU., The Virtual Commodities Association and Exchanges featured Bitflyer US, Bittrex and Bitstamp are members along with Gemini.
Now they are promoting a global vision for Gemini while the crypto ecosystem seeks to improve its technological potential to attract the unbanked of the world to the formal economy, through cryptocurrencies and Blockchain technology.
“With a cryptographic address and a smartphone, you’re suddenly in the system.” We’re really trying to extend the financial system, so he can send dollars anywhere in the world, said Cameron Winklevoss.
Even the Winklevoss twins have come to imagine a future in which the main market for value transfer will be between machines, not humans.
The crypto volatility, Europe and the brokers:
“THESE DEVICES WILL NEED VALUE TRANSACTIONS AND PROBABLY SPEAK THROUGH COMPANIES LIKE GEMINI.”
In a separate interview with the international media, the twins revealed that Gemini crypto Exchange “expects to open its headquarters in Europe soon” as previously mentioned in our portal.
When asked what they thought about volatility, Tyler Winklevoss said:
“IT IS NORMAL THAT A NEW ACTIVITY IS VOLATILE IN DIFFERENT MOMENTS. IN GENERAL, WE FINISH ON A BETTER FLOOR FROM WHICH WE STARTED, IT COULD BE VOLATILE, BUT IT HAS MOVED IN THE CORRECT DIRECTION. WHEN WE WERE THE LAST TIME IN THE SXSW, THE BITCOIN HAD A PRICE OF $ 400 AND NOW IS CLOSE TO $ 4,000.”
The twins took every opportunity to promote their products, as we have come to express in our portal on countless occasions.
They said that the issue in terms of business development for Gemini was “to become global and go mobile”
The Winklevosses shared that they have the United Kingdom, Canada, Singapore, Hong Kong, “and some others, among other jurisdictions” in the sights of the global launch of Gemini.
When asked what they thought of competition from the likes of the Robinhood trade app and their proven ability to attract millennials, the twins responded that Gemini is not a stock brokerage, but “a cryptographic company, a custodian, a crypto Exchange and a global crypto market platform.”