Bitcoins: Bubble or Boom?

Preview:

DESCRIPTION

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.

Citation preview

The Winklevoss twins discussed their investment

in Bitcoins, an alternative digital currency.  

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.

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.

Cameron Winklevoss, Principal, Winklevoss Capital, and Tyler Winklevoss, Principal, Winklevoss Capital