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The Winklevoss discuss Bitcoin vs Gold


Yesterday, the interview that the Winklevoss brothers had with David Portnoy, CEO of Barstool Sports, was published on social networks, where the twins assured that Bitcoin is definitely a better investment than gold.

Bitcoin is the big winner

The main theme of the interview was David Portnoy’s introduction to the world of cryptocurrencies, specifically Bitcoin. In fact, we reported yesterday that the celebrity had acquired $ 1 million worth of Bitcoin.

However, a very interesting comment made by the Winklevoss twins also stood out from the interview.

“There are billions of dollars of gold floating in asteroids around this planet, and Elon Musk is going to get there and start mining for gold. That’s why gold is a problem, because the supply is not fixed like Bitcoin ”, the brothers pointed out.

Basically, the Winklevoss brothers argue that Bitcoin is undoubtedly a better investment than gold, because the precious metal does not actually have a known fixed supply.

In this sense, one of the brothers assured that “Gold is for boomers” and furthermore, he added that Bitcoin will be the only fixed asset in the galaxy.

Relationship between BTC and Gold

The debate over which of the two may be the best option has existed since the moment that Bitcoin was born. However, the debate has gained more position in current times where we all seek refuge.

Until now, and as we have previously pointed out in CryptoTrend, it is very difficult to name a winner between the precious metal and the cryptocurrency. The reality is that both have advantages and disadvantages.

However, we have seen how more and more people and companies have decided to opt for Bitcoin. Even under the argument that there are already too many people in the gold market.

Meanwhile, we see how the price correlation between Bitcoin and gold reaches a new monthly high of 69.8%. Movement that, as we said before, is closely connected with the current circumstances of the global economy.

Certainly there are various projects related to space mining, one of them is Planetary Resources, a company that has raised so far 50.3 million dollars. However, at the moment the debate between gold and Bitcoin remains.

Who you trust more? In gold or in Bitcoin? Are the Winklevoss brothers right? Let us know in the comments.

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