The Winklevoss brothers reiterate that they want to set up an ETF on Bitcoin

" In the long run the winner will probably be Bitcoin, " said Cameron Winklevoss during a recent Ask Me Anything (AMA) session on Reddit .

When asked whether Bitcoin will retain its dominant position with respect to the rest of the market, Cameron has expressed a positive opinion on money:

"Bitcoin is definitely the original cryptocurrency! It is difficult to defeat the network effect, so as far as the value reserve is concerned, in the long run the winner will probably be Bitcoin."

At another point in the discussion, Tyler explained:

"We believe Bitcoin defeats gold at its own game, and if we're right, over time, Bitcoin's market capitalization will outstrip that of gold, currently at $ 7 billion."

Regarding the degree of importance of the blockchain compared to cryptocurrencies , according to Tyler " the first can not exist without the latter." A blockchain without cryptocurrencies would be like comparing AOL to the Internet. "

During the AMA session, the two brothers also confirmed that they are working hard to "make ETFs a reality!"

Finally, discussing the relationship between digital currencies and traditional money, Cameron stressed that currently " fiat access ramps are essential for cryptocurrencies ", but the possibility of " a future where everything, including fiat, is crypto should not be excluded" . "

In July of last year, the US Securities and Exchange Commission ( SEC ) rejected for the second time the application submitted by the two Winklevoss brothers for the creation of a Bitcoin-based ETF. The first request, also rejected, dated back to March 2017 .