According to Cameron Winklevoss, the founder of the Gemini crypto exchange, the new rally of Bitcoin will be qualitatively different from the previous jumps in the value of the cryptocurrency.
On Twitter, he stated that the cryptocurrency infrastructure is now more developed than in previous periods. This situation makes it easier for capital to flow into the industry, so investing in Bitcoin can be more impressive.
Winklevoss emphasized that even at the end of 2017, there wasn`t such an extensive infrastructure that we see now. In addition, the number of high-quality projects in the industry has grown, which also inspires optimism for investors and stimulates their entry into this sector.
The Gemini founder also urged to take into account the inflation factor, which forces players to look for more reliable tools.
In this regard, Winklevoss shares the view of those who believe that fiat money is depreciating, and more and more investors are starting to switch to gold and bitcoin.
Cameron Winklevoss spoke of the imminent return of the BTC rally back in April at the height of the coronavirus pandemic. He noted that the global economic crisis caused by COVID-19 is an excellent chance for Bitcoin to get new investors and significantly increase in value.
His predictions seem to be confirmed by the recent spike of Bitcoin price to $11,000 which saw a lot of big investors flocking and the number of holders of $1 million dollars’ worth of Bitcoins rising by the staggering amount of 38% in the last few days, as shown on data provided by analytical service Glassnode on their Twitter account.
