There are a lot of big institutional players coming into the industry. With giant firms starting to look to crypto for the future of their business, some big names in the space like Tom Lee and the Winklevoss Twins have started to say that Bitcoin is “digital gold”, a subject that they have all pushed in the past. But now, they agree that it is the right time to actually get involved instead of sitting on the sidelines.
Experts in Bitcoin and the founders of Gemini, Tyler and Cameron Winklevoss were praised for their achievements in rowing as they competed for the United States in the 2008 Beijing Olympics but perhaps they were better known for the whole fiasco with Facebook and Mark Zuckerberg.
But earlier this week, Cameron Winklevoss took to Twitter to say:
Some people think it's crazy to invest in crypto. Maybe. But definitely not as crazy as sitting on the sidelines when the future of money is literally being built before your eyes.— Cameron Winklevoss (@winklevoss) May 20, 2019
Fundstrat’s Tom Lee has also given his views as he took to Twitter to say:
“After a disturbing pullback to ~$6,200, #Bitcoin back >$8,000 further cementing positive trend intact.
As we said a few weeks ago, Consensus 2019 @coindesk was to prove whether crypto winter is over...
Speaking to CNBC’s Markets Now, Lee said that there is plenty of reasons to be optimistic about when it comes to Bitcoin’s current movement.
Not all of his predictions are accurate though. He made some predictions last year that claimed the New York Consensus would boost the market but last year’s event wasn’t exactly a highlight for Lee as he predicted BTC would reach $25k by the end of the year as he argued:
“Bitcoin doesn’t have to go up every day to move from £8,000 to $25,000. The ten best days account for all the return of Bitcoin in a year. If you don’t own Bitcoin for ten days each year, you lost 25 percent each year.”