The Case for $500K Bitcoin with Cameron & Tyler Winklevoss - WBD272
The Peter McCormack Show
Peter McCormack
4.7 • 2.8K Ratings
🗓️ 23 October 2020
⏱️ 85 minutes
🧾️ Download transcript
Summary
Location: Squadcast Date: Tuesday 20th October Company: Gemini Role: Co-Founders
In August, Cameron and Tyler Winklevoss released The Case for $500K Bitcoin. A paper that outlines the value proposition of Bitcoin, why it is a superior store of value and hedge against inflation than either gold, oil and the US dollar.
In the paper, they describe the world as 'drowning in debt', even before the coronavirus outbreak, and predict that the pandemic may cause everyone to come face to face with the reality of debt spiralling out of control.
While the impact on the world may be scary for the broader economy, the twins outline Bitcoin as a major winner in this scenario and predict Bitcoin's market cap to grow from its current market capitalisation (approx. $225 billion) to that of gold (approx. $9 trillion). With the price of a Bitcoin at around $550K.
We discuss their paper, why Bitcoin is the best hedge against inflation, the debt reckoning and Wall Street investing in Bitcoin.
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Transcript
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| 0:00.0 | The question in our mind is not so much does it get to 500,000 but how quickly? |
| 0:07.0 | Hello there from Bedford, the Bitcoin Mecca of the world, how are you all? Welcome to the What Bitcoin did podcast, which is brought to you by the mighty cracken the best place to buy |
| 0:15.8 | sell and trade Bitcoin I'm your host Peter McCormack and today I welcome |
| 0:19.7 | back at Cameron and Tyler Winkle Voss where we're going to be discussing their paper, the case for the $500,000 Bitcoin. |
| 0:26.0 | But before that, I do have a message from my amazing show sponsors. |
| 0:30.0 | So first up today, we're going to talk about BlockFi, who are the future of |
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| 0:37.1 | account and you can start earning interest on your Bitcoin, and I am a customer. |
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| 1:15.2 | forward slash Peter and if you're interested in checking Blockfire out I do recommend you do your |
| 1:19.6 | own research then head over to their website at Blockfire.com which which is B-L-O-C-F-I-com. Also, let's talk about Cracken, the mighty, mighty Cracken, the best place for buying and selling |
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| 1:45.1 | they also have best in class customer service |
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