Tyler & Cameron Winklevoss: Bitcoin Is The “Trade of the Decade”

Published on
December 11th, 2020
Duration
67 minutes


Tyler & Cameron Winklevoss: Bitcoin Is The “Trade of the Decade”

The Interview - Crypto ·
Featuring Tyler Winklevoss and Cameron Winklevoss

Published on: December 11th, 2020 • Duration: 67 minutes

Tyler Winklevoss, CEO and co-founder of Gemini, and Cameron Winklevoss, president and co-founder of Gemini, join Real Vision CEO Raoul Pal to discuss how they first discovered Bitcoin, their exploration into other crypto assets, and market psychology. They explain the importance of network effects for Bitcoin, noting that it is a type of social network. The Winklevoss brothers share their grand vision for Gemini and how they plan to shepherd the next wave of adopters away from legacy finance and fully into crypto. Filmed on December 7, 2020. Key Learnings: The crypto asset class is very small and, because of this, institutional investors have been unable to get exposure to it. Bitcoin is a very young asset with enormous upside potential. Many people are just starting to get their feet wet in crypto, and the Winklevoss brothers believe that eventually people will leave the legacy financial systems fully for crypto infrastructure with Gemini helping to facilitate this migration.

Comments

Transcript

  • E
    Evren .
    16 December 2020 @ 14:18
    Bitcoin passes 20k while I'm watching this.
    • MA
      MICHAEL A.
      17 December 2020 @ 13:36
      Bitcoin passes 23k while I'm watching this
    • TT
      Theo T.
      19 December 2020 @ 18:10
      Bitcoin passes 24k while I'm watching this
    • FF
      Flip F.
      27 December 2020 @ 10:03
      Bitcoin passes 27k when I watch this.
    • PJ
      Patrick J.
      1 January 2021 @ 07:09
      Bitcoin passes 29k while I'm watching this.
  • MK
    Matt K.
    30 December 2020 @ 04:29
    Curious why they didn't comment on the asteroid mining they said Elon Musk was going to do in the future when looking at the investment case for gold? (See The Dave Portnoy/Barstool interview with Tyler & Cameron earlier this year)
  • MR
    Marc R.
    25 December 2020 @ 03:37
    As a result of watching your video with the Winklevoss brothers I opened an account with Gemini. I can't go into details here, but the company is completely unprofessional. My account was frozen when I tried to link my bank with the site. I then wired funds. I have called and emailed dozens of times over the last 2 weeks, with no response. Customer service is non-existent. I can't get access to my funds. I think your viewers should know about Gemini and be warned.
  • KG
    Kenneth G.
    19 December 2020 @ 18:29
    Raoul talks about the "wall of money" and the opportunity at hand even at current prices. My question is what happens next? What happens as BTC goes up and the no-brainer killer 10X - 20X scenario dwindles? Will it just keep going to infinity and beyond or just plateau? Bottom line: as the title says, it's a TRADE. So, when to SELL is the question. Isn't everybody already thinking in terms of how much fiat they will have when they sell? The government taxes all but a few transactions; and although all of us are disgusted with what they do with our money, nobody really would want to defund the government. Seems like the government will just make all crypto not Legal Tender requiring what we all are already planning to do.
  • TT
    Theo T.
    19 December 2020 @ 18:10
    What does Gemini a custodial service that provides no interest for holding their coin think about companies like BlockFi?
  • LH
    Luke H.
    14 December 2020 @ 05:52
    Not your keys, not your Crypto. Don't be fooled. Educate yourself and hold your crypto on your own wallet. At the moment, Trezor T is the best in my opinion. Anyone who says "one stop shop" is trying to be your bank. The ENTIRE point of crypto is to be your own bank. Again, please educate yourself.
    • JD
      John D.
      14 December 2020 @ 12:11
      Totally. Here is Caitlin Long tweet: "- Supply shortage in #Bitcoin is v real right now. Watch out--2 things can happen in liquidity crunches🚨🚧 1/ Intermediaries running fractional have a bigger incentive to create more paper claims to the real thing 2/ Ponzis are more likely to go bust. #NotYourKeysNotYourBitcoin🧐" https://twitter.com/CaitlinLong_/status/1329904478359744512
    • EB
      Edward B.
      15 December 2020 @ 01:23
      Why Trezor over Ledger. I am new to the space and just curious. Thanks.
    • JD
      John D.
      15 December 2020 @ 14:09
      Edward B. IMHO both ledger and trezor are kind of obsolete. For a noob I would currently recommend BitBox02 and for more advanced user I would recommend ColdCard. But at the end of the day all hardware wallets are fine and any is 1000x more secure than your average smartphone or PC.
    • JD
      John D.
      15 December 2020 @ 14:16
      Edward B. and in terms of why, it is complicated. It is not one dimensional metric. It depends your needs and price sensitivity and experience. Disadvantage of Trezor is that it doesn't have security chip so it has basically zero protection against physical attack. But that can mitigated with a passphrase. Ledger has a security chip but it is not open source and the ledger company kind of suck, at beginning of the year they were attacked and leaked all their customer personal data. And customers are being scammed. Also ledger is completely un-secure for multisig setup. BitBox02 has security chip and is opensource and it is quite cheap but it is new so it doesn't have enough scrutiny in compare to trezor and ledger. Coldcard is more expensive and more complicated to use and probably the most secure one.
    • MA
      MICHAEL A.
      17 December 2020 @ 13:38
      Trezor is open source, not sure about Ledger
  • MA
    MICHAEL A.
    17 December 2020 @ 12:34
    Will there be subtitles available in other languages? Would love to show some of these vids to my parents.
    • MA
      MICHAEL A.
      17 December 2020 @ 12:34
      Dutch, preferably ;-)
  • TB
    Tron B.
    15 December 2020 @ 20:25
    Great interview. Keep up the great work Tyler and Cameron. I was at your Keynote in San Jose in 2013 -- "First they ignore you, then they laugh at you, then they fight you, then you win." When you're looking for new tokens to add to Gemini, take a look at Ravencoin. I'd suggest backing off on cheering the concept of Central Bank inspired "behavioral incentives" with targeted stimulus and interest rates targeted by individual. That's a terrifying concept, and the wrong use for programmable money.
  • BB
    Bugs B.
    13 December 2020 @ 06:43
    Loved it. Winklevoss are a good example where 2 brains are better than one. Still spooky how they both start to talk but then just one finishes the answer. No talking over each other.
    • EB
      Edward B.
      15 December 2020 @ 01:26
      The twins are very classy and respectful. They are great ambassadors for the space.
  • CA
    Clarence A.
    15 December 2020 @ 00:51
    Great interview!
  • Wv
    Wolf v.
    15 December 2020 @ 00:27
    Unfortunate that all three put a lot of trust into the engineers of fiat money to rule a CBDC system well. They cannot even balance full employment versus inflation. How would they ever be able to set the price of money in a way that is optimal for the economy. Money is a good like every other as well. Manipulating its supply has consequences some of which are the thing that they all rightly identify like debt, inflation, booms, and busts etc.
  • MK
    Matt K.
    12 December 2020 @ 17:58
    These are the guys that said Elon is going to be mining asteroids (see Dave Portnoy interview)? They made it on RV?!
    • RH
      Ryan H.
      14 December 2020 @ 21:54
      Do you think they've been proven wrong on that point about mining? Nope. They were right about Facebook, right about BTC, and they run the most respected platforms in crypto, and they are visionaries when it comes to tokenization of digital assets. Of course they are welcome on RV. I hope to see more from them here.
  • MS
    Mario S.
    14 December 2020 @ 16:35
    WIshing for a deeper talk about the micro-stock media industry & NFTs. When Raul asked about Getty Images, the answer was indirect. Makes sense, but I wanna know more about who plans to build a new platform like that
  • JP
    Jeff P.
    14 December 2020 @ 13:14
    I’m 55 (near-Boomer) and I certainly get it! I am slowly moving my friends toward the same thinking.
  • CD
    Crypto D.
    14 December 2020 @ 04:41
    Great interview, super thankful for this content. Tons of value about the space. One thing I need to say though is...Tyler & Cameron, please give us something better to trade on! Start with incorporating Tradingview and add from there. I want to move more capital there but man is it outdated. Even Bittrex is more adequate. Aside from my rant, thanks again for the interview, I view Gemini as elite in the space.
  • AN
    Alexandru N.
    13 December 2020 @ 03:04
    In Europe , Romania gave it a go and uses Blockchain solutions to monitor National Elections.
    • ML
      Mircea L.
      13 December 2020 @ 21:54
      I didn't hear about it. Care to share an article?
  • FL
    Frank L.
    13 December 2020 @ 18:41
    Giving different interest rates based on who the individual is or giving incentives on where you spend your money is a nightmare scenario. Amazed that anyone on this panel sees this as a positive .
    • JD
      John D.
      13 December 2020 @ 19:53
      Totally agree. But it doesn't end with interest rates. see this hell video about future https://www.youtube.com/watch?v=EbWv_1NbWyw It is literally the same as it has been in nazi occupied Europe during world war two. People would get personal tickets with expiration for food and stuff. If somebody somehow cheated with the tickets gestapo would shot him. How can people see methods of nazi occupants as a future Utopia of civilized world? 🤦‍♂️
  • rt
    rick t.
    12 December 2020 @ 14:49
    Marin Katusa's article "The Bitcoin Gurus Are Using a Flawed Formula" Great interview! And love your work in general, and really appreciate your efforts with Real Vision! I know everyone is big on the Stock2Flow method of valuing Bitcoin. I personally have a lot of my liquid net worth in Bitcoin and other cryptos and I wanted to investigate how this works. I' m also an engineer so I tried to find the nuts and bolts. I'm also a big fan of Marin Katusa (an entrepreneur and mathematician) and ran across his article entitled "The Bitcoin Gurus Are Using a Flawed Formula". In it he states that he is bullish on Bitcoin, but he debunks the use of the S2F model by stating that the cross asset data for gold and silver was cherry picked from December 2019, and does not fit the overall data set of pricing. Also the data for Bitcoin is not based on price, but on phase transition and therefore does not predict price but future phase transitions which may or may not occur. Any thoughts? Link below to the article... https://katusaresearch.com/the-bitcoin-gurus-are-using-a-flawed-formula/#s2fxmodel
    • AP
      Alex P.
      13 December 2020 @ 07:26
      Big fan of Katusa myself. S2F is just another talking point used by the massive ad campaign for BTC. It’s all bullshit brother, pure Ponzi scheme. Bitcoin’s value will come from its usage. Look for the bitcoin that scales and you will find a lot of answers and be able to see passed all these astute clowns.
    • rt
      rick t.
      13 December 2020 @ 13:23
      I've heard @Raoul cite this model many times and was wondering if he had any input...?
    • CF
      Chris F.
      13 December 2020 @ 19:49
      The phase transition story is just another way of explaining fractals and exponential function. Katusa is casting his net.
  • SV
    Soeren V.
    12 December 2020 @ 12:02
    While I agree with Tyler & Cameron regarding custody not being a problem and rather being viewed as desirable by 90+% of the people, the reasoning of "not your keys, not your coins" is not that anyone would distrust Gemini (or any other custodian for that matter), but rather more the concern that the government could force them to freeze your funds and then you don't have access to it, despite it being locked up perfectly secure. Basically the same problem with the banks in Cypress back in 2008, which Bitcoin and the ability of self custody solved. Great interview and really liked the outlook of where the industry is going!
    • FL
      Frank L.
      13 December 2020 @ 18:30
      "but rather more the concern that the government could force them to freeze your funds and then you don't have access to it, despite it being locked up perfectly secure." EXACTLY. Gemini is no different than a bank. Your money is secure until a government or org puts pressure on them for wrongthink, then they will happily fold to save their own behind. Thousands in the US and many more across the planet are being deplatformed for having the wrong political views, alliances, etc. Managing your own keys is the equivalent to having gold in your posession. No one would ever mock individuals who decide to keep gold within arms reach.
  • BG
    Bob G.
    13 December 2020 @ 14:51
    Fantastic interview Raoul, thank you!
    • PM
      Paul M.
      13 December 2020 @ 15:40
      It must be remembered that there is nothing more difficult to plan, more doubtful of success, nor more dangerous to manage than a new system. For the initiator has the enmity of all who would profit by the preservation of the old institution and merely lukewarm defenders in those who gain by the new ones. Niccolò Machiavelli
  • SM
    Siddharth M.
    12 December 2020 @ 18:54
    Plug for Gemini? And we have to pay for this?
    • RS
      Riki S.
      12 December 2020 @ 23:09
      You must of missed 95% of the balance of the interview and some of their underlying thesis, including the significant currrent macro inputs that become a catalyst for structual consolidation and subsequent price momentum.
  • MO
    Master O.
    12 December 2020 @ 06:10
    There is this narrative that BTC will replace gold. I would like to see the evidence of that. Perhaps an interview with someone who can provide a counter narrative of BTC replacing gold.
    • JT
      James T.
      12 December 2020 @ 09:13
      Watch Dan Tapiero's content, he's a massive gold advocate and thinks positioning Btc as gold's replacement is the wrong narrative.
    • TE
      Tom E.
      12 December 2020 @ 09:32
      “Will” means in the future hence there is no evidence today. It’s a hypothesis based on certain assumptions that you either believe are achievable or you don’t.
    • IO
      Igor O.
      12 December 2020 @ 15:53
      Look for Josh Crumb on twitter. Bitcoin has massive negative carry unlike gold.
    • AR
      Andrew R.
      12 December 2020 @ 22:11
      What’s the negative carry in BTC? The cost of a ledger or cold storage device?
  • AF
    Alexander F.
    11 December 2020 @ 08:48
    @Raul great interview! I am a 27 year old engineer and as soon as I heard about bitcoin, it made complete sense. I truly feel that the attitude towards money will change and with that the world for the better. I am currently building a sustainable farm in rural Uganda. This tech would help so many, so thank you for the twins and Gemini for looking into this and trying to make it more accessible for the poorest in the world. I'll be waiting :)
    • AH
      Adrian H.
      12 December 2020 @ 21:55
      Hi Alex you should look up https://clic.world/ who are big n Uganda and an exciting company who have a good track record in this area.
  • BK
    Brendon K.
    12 December 2020 @ 18:35
    Wow !!! thats my comment, even said backwards Wow !!! ....Raoul , thank you.
  • AB
    AJ B.
    11 December 2020 @ 15:09
    Real Vision should change its name to Bitcoin Bros. The platform has went from covering far ranging topics to cheerleading an asset that will end up looking like yahoo.com
    • RM
      Ron M.
      11 December 2020 @ 15:17
      With all due respect, did you listen to the interview? Banks, securities brokerages, insurance companies, investment banks, escrow agents, collectibles, etc. are all going to be disrupted in the next decade. If you had to pick the highest growth sector over the next decade, crypto is likely it (arguably, automation and biotech will be huge as well). This interview was one of the best high level summaries of the opportunity. This is NOT yahoo.com, though I will admit 98% of shitcoins out there are. Don’t miss out.
    • TP
      Timothy P.
      11 December 2020 @ 17:46
      This is like blaming CNBC for covering the S&P 500 Index. When you're on top, you are topical, so you get coverage. If you don't like it, you don't have to watch it. As for your tossoff "yahoo.com" remark -- many people have called Bitcoin "dead" (over 300+ times) and its proved them all wrong. You are just another one to add to the pile.
    • CF
      Christopher F.
      11 December 2020 @ 19:53
      RV covers plenty of non cryto content. The Kiril interview this week was outstanding and crypto wasn't mentioned once. Ppl tend to find what they are looking for.
    • VD
      Vishal D.
      11 December 2020 @ 21:18
      the bitcoin discussions are useful but it is interviews like this that mix terms and ideas in a nonsensical way that make me look forward to the expiration of my membership
    • AW
      Anthony W.
      12 December 2020 @ 10:27
      Vishal D. - if you dislike the interviews that much that you are "looking forward to the expiration of your membership" then why do you even login to your account?
    • VD
      Vishal D.
      12 December 2020 @ 18:23
      sunk cost i guess
  • AS
    Andres S.
    12 December 2020 @ 16:28
    Felicitaciones!! Great interview Raoul. I am a gold bug, but this is fascinating. Scarcity is even better than gold and BTC industry is just starting. I have had two "aha moments" recently. The 1st after seeing o film where Steve Wozniak showed a folder with the original code of apple operating system without any blots. He said he just doesn't know how he did those thousands of code lines w/o errors. For me just a divine inspiration to bring computers to humanity. The 2nd moment, this week after seeing your interview in Kitco news. BTC is a way for people to begin saving again and deposit the hard earned money into a store of value specially in troubled countries getting away of debt based economy that slave people and widens wealthy gap. Just another gift to humanity.
  • VD
    Vishal D.
    11 December 2020 @ 18:43
    blockchain is a time stamping mechanism to reduce double spend it does not enforce scarcity
    • TP
      Timothy P.
      11 December 2020 @ 22:56
      Wrong. But again, with the lack of exposition in your assertion, it isn't surprising. Most that have claims counter to the extensive research and published opinion on blockchain tend to utter these things without doing any due diligence.
    • VD
      Vishal D.
      12 December 2020 @ 00:56
      ok timothy what enforces scarcity in a blockchain based system? it is not the blockchain it is the consensus rules rune by each full node
    • TP
      Timothy P.
      12 December 2020 @ 16:13
      @Vishal - I'm not your personal search engine. Its well documented. Also, I tire of interacting with an obvious no-coiner about the merits of Bitcoin. If you don't get it, that is your problem.
  • PZ
    Peter Z.
    12 December 2020 @ 15:48
    Excellent interview and incredibly valuable content! Thank you, Raoul. My Bitcoin and cryptocurrency knowledge is increasing logarithmically at this point.
  • SS
    Steve S.
    12 December 2020 @ 02:31
    BTW I liked that I think Tyler mentioned that some boomers get it. I think I might be one of them...I own bitcoin now and continue to buy more every week. I’m 67 now and maybe I will make my 53 your old wife a bitcoin millionaire...I find the whole crypto space very exciting.
    • rt
      rick t.
      12 December 2020 @ 14:54
      Hi Steve, I think I'm in the same boat... I own significant amounts of Bitcoin and other cryptos, and have been trying to get my kidsand GF into it for a couple years. They bought a little just to shut me up I think, but don't really get it. You can drag a horse to water... :-)
  • sd
    steve d.
    12 December 2020 @ 11:33
    Great content - appreciated
  • AW
    Anthony W.
    12 December 2020 @ 10:32
    The best interview with the twins I have seen to date. Excellent work Raoul.
  • VD
    Vishal D.
    11 December 2020 @ 18:46
    although gemini might have better security than the average person they also have greater risk due to the regulatory hammer that could prevent them from sending to a personal wallet and the honeypot of their massive stash
    • JS
      Jason S.
      11 December 2020 @ 20:38
      Don't they keep 95% of their stash in cold storage?
    • VD
      Vishal D.
      11 December 2020 @ 21:06
      maybe they keep in cold storage but imagine one day you cannot move it off the exchange because did a new regulation...how much value would you ascribe to btc if could never move to your own individual wallet....the world values bitcoin because it is not part of the traditional system...otherwise we should also just be using gold
    • TP
      Timothy P.
      11 December 2020 @ 23:01
      Wrong. Gemini does full due diligence of every customer, using KYC/AML and verifying each aspect of the relationship between themselves and the customers they service. The regulation (the details of which haven't been released yet) that is likely will emphasize the KYC/AML aspect of the regulatory framework, which is typical of any financial fiduciary. You clearly don't understand the topic, and your spammy statements in this forum imply that you have some particular axe to grind without any substantative proof. "Honeypot"? Really? Get out of here with that alarmist garbage.
    • VD
      Vishal D.
      12 December 2020 @ 00:58
      all exchanges are honeypots and their security should be exponentially greater than individuals because the reward for hacking is exponentially greater
    • FT
      Flash T.
      12 December 2020 @ 08:04
      Yep. Compliance is always touted as a virtue, but that's precisely the part I don't like about these exchanges. We've got a government that spends most of its citizens' hard-earned money on things they don't want and a Fed that buys their own stock and receives dividends paid for by working people; one could be forgiven for thinking it likely they'd try to stop any monetary system that threatened their cartel. If they do decide they're going to start seizing Bitcoin (for our safety, of course), the compliant exchanges will comply and the customers are SOL. Is it likely to happen? Depends on your risk assessment; given the government's recent dictatorial actions and people's willingness to comply with anything they say no matter how asinine or economically harmful, mine is Code Red until further notice. I'll keep the tinfoil hat stashed safely along with my Bitcoin, thanks very much.
    • AW
      Anthony W.
      12 December 2020 @ 10:17
      It's a personal choice, you don't have to trust anyone, if you feel strongly about the possibility of Gemini being hacked or government regulation preventing Gemini (or any exchange) to return your coin, then keep the keys yourself in your own wallet. Personally I would rather trust Gemini (the experts) to do this, I would not keep large amounts of cash or gold in a home safe, I use a bank as I am sure most do, no different with Bitcoin and therefore I would rather leave it in a place that is as safe as it can be, in cold storage at Gemini.
  • DT
    Denis T.
    12 December 2020 @ 03:15
    At the end everyone discussed fractions of Bitcoin and seemed unsure what to call them...aren't they Satoshis?
    • SA
      Siddhartha A.
      12 December 2020 @ 04:43
      Also called Bits !
    • AW
      Anthony W.
      12 December 2020 @ 10:03
      They weren't talking about Satoshis as such, it was a discussion on how we 'humans' perceive $20k Bitcoin as expensive but would like to buy a 'whole' Bitcoin and therefore to create a $200 smaller whole unit to encourage more adoption, like a share split in equities.
  • JC
    Julian C.
    12 December 2020 @ 02:26
    The problem is the twins are BTC Gemini salespeople and don't look at the issues from the perspective of reality. "Not your keys, not your coin" is the mantra about the government being able to seize or freeze your coins on exchanges for a variety of reasons. The twins know that very well (they even talked about Cyprus seizing everyones money), but they responded to the question with nonsense about how they could not get hacked and would not steel your money (obviously!). Raoul, always the gentleman, did not challenge them on this. These are bad people to interview because the uninformed that watch this interview will draw twisted conclusions from important facts. To illicit the correct response, I think Raoul should have posed the phrase as "NOT YOUR KEYS, THE GOVERNMENTS COIN"
    • SA
      Siddhartha A.
      12 December 2020 @ 05:44
      Not your keys, not your coin may be true in a theoretical way. But IRL, my keys = certainly not my coin for me. I'm almost sure to lose the paper if I write it down, same with the hardware wallet, I certainly cannot remember 12 words, so what gives?
    • AI
      Andras I.
      12 December 2020 @ 07:52
      Once one realizes the (free for a reason) crypto tier is a sales platform, you'll have the proper glasses to wear while watching the content.
    • TE
      Tom E.
      12 December 2020 @ 09:34
      This whole paranoia about government confiscation is so dull and fictional. Human beings have lived with various forms of government for millennia.
  • TE
    Tom E.
    12 December 2020 @ 09:30
    Thanks @raoul. The one I was waiting for. Very enjoyable and enlightening.
  • DP
    Darren P.
    12 December 2020 @ 08:31
    These guys are very calm and rational. Excellent discussion.
  • PK
    Peter K.
    12 December 2020 @ 08:10
    Great conversation
  • CG
    Christine G.
    12 December 2020 @ 05:29
    How is appreciation (capital appreciation?) handled? Can Gemini work with IRAs?
  • VM
    Vicky M.
    12 December 2020 @ 04:23
    Excellent. What great young men. Agree re getting crypto into third world.
  • JH
    Joel H.
    12 December 2020 @ 04:09
    Really enjoyed this one, many great points made. Thank you guys.
  • TR
    Tim R.
    12 December 2020 @ 03:09
    Superb interview!
  • MS
    Michael S.
    12 December 2020 @ 03:05
    Fun!!!
  • SS
    Steve S.
    12 December 2020 @ 02:16
    Freaking Awesome interview/discussion
  • CH
    Chuck H.
    12 December 2020 @ 02:09
    Excellent big picture view. The opportunity before us is huge.
  • VD
    Vishal D.
    11 December 2020 @ 18:45
    in the art example the blockchain proves that an item was produced after another item and the private keys can transfer its ownership to another but scarcity is determined by the issuer...at any point a new duplicate image could be issued
    • TP
      Timothy P.
      11 December 2020 @ 22:57
      Each asset would have non-controvertible proof that they were associated with a hash on the blockchain itself. Issuing a "new" image wouldn't change this fact. You clearly don't understand the topic.
    • VD
      Vishal D.
      12 December 2020 @ 00:56
      yes the blockchain can enforce ownership but not scarcity
  • CF
    Christopher F.
    11 December 2020 @ 14:11
    I wonder what happens to exchanges like this if/when there is an ETF. At least for BTC I think most ppl would be happy to buy/hold BTC on their Schwab account vs. going to gemini, CB, etc.
    • RK
      Ron K.
      11 December 2020 @ 20:47
      Very good question!
    • DD
      Devon D.
      11 December 2020 @ 22:19
      You can.....it is called BITW. It started trading publicly a few days ago. No 100k minimum like The Fidelity version, or Greyscale.
    • TT
      Tokyo T.
      11 December 2020 @ 22:40
      Boomers yes, but Gen x and younger no. Bitcoin isn't just a new hot stock. Self custody is attractive for younger generations.
    • EB
      Edward B.
      12 December 2020 @ 00:39
      Good point. However, one area where they can trump ETFs is through diversification into DeFI; which the twins clearly alluded to doing in the future.
  • TW
    Timothy W.
    11 December 2020 @ 23:26
    Fabulous interview! I hit rewind several times.
  • MM
    MICHAEL M.
    11 December 2020 @ 22:27
    Soon nobody will talk about holding Bitcoin, only about "Stacking Sats (Satoshis)".
  • MM
    MICHAEL M.
    11 December 2020 @ 22:25
    Anybody with internet access can get access to PHYSICAL gold now. Gemini itself has PaxGold. Personally, I use the Kinesis.money platform for holding blockchained physical gold.
  • MM
    MICHAEL M.
    11 December 2020 @ 22:20
    If the Government wants to slow down BTC it could coordinate with all IMF countries to raise the declared value of the Government Treasury gold certificates held on the balance sheets of Cental Banks. If they raise the price high enough it could significantly lower the debt/GDP numbers. That along with monetary tightening could slow BTC...not forever...but maybe long enough for Governments to build up their BTC reserves.
  • EG
    Everett G.
    11 December 2020 @ 22:18
    I think it would be entertaining to ask those you interview when BTC will reach a trillion in market cap. Impossible question of couse, but I like watching the smartest guys in the room react to impossible questions. Perhaps open a betting pool on Realvision. Another one is what will be the US debt to GDP (currently 135%) in 2025. Excellent interview, Thank you.
  • MM
    MICHAEL M.
    11 December 2020 @ 22:16
    re CBDCs: Central Banks could create national crypto exchanges and then code their CBDC so that it can only be traded on the National Exchange. Then the government could charge a fee on the crypto anyone buys. For example, if one buys BTC with their CBDC they would be charged a fee in BTC by the National Exchange.
  • JD
    James D.
    11 December 2020 @ 21:28
    Can anyone tell me why $MSTR is so much more volatile than BTC? Is it because people can short $MSTR but not BTC?
  • TP
    Timothy P.
    11 December 2020 @ 18:46
    So refreshing when guests "get it". Even more so when they put their money where their mouth is and try to provide services that enable on/off ramps to the legacy system. Innovators always get ridiculed until the truth is "obvious". Their assertion that BTC could evolve into 500k USD per unit isn't off the wall either. There's a reason that Michael Saylor did, and others. They understand that taking out loans or using 'bad' fiat money to buy 'good' digital currency is the move to make. You get to enjoy low interest rates on crap money so you can buy the ultimate inflation hedge. Sounds like a good arb to me. Its like the "Big Short" where very few understood the big picture - and enriched themselves for their insight.
  • VD
    Vishal D.
    11 December 2020 @ 18:43
    test
  • KP
    Krishna P.
    11 December 2020 @ 11:37
    For some reason I felt raoul gave more to think than the brothers. Good conversation