The Winklevoss Twins Are Giving A Presentation On Bitcoin To A Room Full Of Investors Right Now
When the investors announced they would be creating a Bitcoin ETF in July, the Internet giggled.
Now they're explain their thoughts on the currency at the Value Investing Congress.
After the preamble - this is what Bitcoin is, who created it (mysterious) etc., the Twins started asking exactly what Bitcoin is.
Things really started getting interesting when the twins got passed Bitcoin as a currency or comodity, and on to Bitcoin as a technology. "The technology promise is... perhaps the most impressive," they said. It's the part the gets Silicon Valley excited.
This has some major implecations in industries like financial services. Bitcoin, they said, is immune to price runs. It's immune to bail-ins - you can store it on a zip drive and it's hard to appropriate.