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Winklevoss: Bitcoin a multitrillion-dollar asset

  • CBOE's plan to launch bitcoin futures contracts on Sunday, making it easier to bet against the cryptocurrency, is making some enthusiasts nervous, but not Cameron Winklevoss - one half of the twins reported to have just become the world's first bitcoin billionaires.
  • "We've always felt that bitcoin, given its properties, is gold 2.0 - it disrupts gold. Gold is scarce, bitcoin is actually fixed. Bitcoin is way more portable and way more divisible," he told CNBC. "Long term, directionally, it is a multitrillion-dollar asset - I don't know how long it takes to get there."
  • The Winklevosses' Gemini exchange is even preparing to support the launch of CBOE's bitcoin futures and will be the "price mechanism for the contracts when they settle."
  • Current price movement: Bitcoin is down 11% to $14,261, according to CoinDesk.
  • Related tickers: OTCQX:GBTC, COIN, RIOT, OSTK, SSC-OLD, MARA, UEPS, OTC:BITCF, XNET, GROW, OTCPK:BTSC, OTCQB:BTCS, OTCQB:MGTI, SRAX, OTCPK:GAHC, OTC:UBIA, OTC:ARSC, OTCPK:USTC, PRELF, OTCPK:BLKCF, OTC:CRCW

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