Bitcoins: Bubble or Boom?

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BlackBerry was in New York for DealBook with Andrew Ross Sorkin. Here's a quick exec summary of what the Winklevoss twins had to say about Bitcoins.

BlackBerry was in New York for DealBook with Andrew Ross Sorkin. Here's a quick exec summary of what the Winklevoss twins had to say about Bitcoins.

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  • 1. The Winklevoss twins discussed their investment in Bitcoins, an alternative digital currency.  
  • 2. The brothers maintain that Bitcoins have the potential to become the new standard for seamless money transfers that can replace costly, time-consuming monetary transfers and transactions through the traditional banking system.
  • 3. The Winklevoss duo reported that the demand for Bitcoins is from legitimate, not illicit, sources. Bitcoins, for instance, are traceable whereas cash is not. They are urging regulators not to push this innovation offshore where it will thrive in places such as China, where companies already accept it.
  • 4. Cameron Winklevoss, Principal, Winklevoss Capital, and Tyler Winklevoss, Principal, Winklevoss Capital