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Cameron Winklevoss explains how BTC is “emergent money”

 
Cameron Winklevoss explains how BTC is “emergent money”
Breaking News / Bitcoin / BTCUSD
  • Cryptocurrency is a term that has been used to describe assets such as bitcoin for over 10 years now but some people within the industry are sceptical on whether the “Currency” term is appropriate. 
  • Instead, some people call these digital assets a “store of value”.

Cryptocurrency is a term that has been used to describe assets such as bitcoin for over 10 years now but some people within the industry are sceptical on whether the “Currency” term is appropriate. Instead, some people call these digital assets a “store of value”.

Over the past decade or so, the leading Cryptocurrency has been fighting in order to come off as a reliable asset with other cryptocurrencies with an industry facing similar questions on a daily basis.

However, many enthusiasts and blockchain experts within the industry would see that bitcoin is actually performing perfectly as it was meant to be.

Earlier this month, Cameron Winklevoss, one of the more well-known bitcoin billionaires and co-founder of the Gemini crypto platform, has said that not only is bitcoin an emerging form of currency but it is a perfect example of organic and technological growth.

On Twitter, he said the following:

“#Bitcoin and Ether are emergent money. They haven’t been forced upon anyone, their adoption is peaceful and organic. Fiat money is violent money, its adoption always requires force.”

Bitcoin to be coming more than this though. Over the course of the past few years, in countries such as Venezuela, bitcoin is being used as an alternative to the hyperinflated Fiat currency.


It will be interesting to see how this situation plays out. For more news on this and other crypto updates, keep it with CryptoDaily!

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