Gemini co-founder Cameron Winklevoss took potshots Sunday on the British every day newspaper Monetary Instances for its 12-year-old article that predicted Bitcoin (CRYPTO: BTC) would turn out to be the following “bubble.”
Winklevoss Criticizes Media’s Bitcoin Protection
Winklevoss took to X to voice his criticism of the mainstream media’s destructive projections concerning the main cryptocurrency. He particularly known as out the Monetary Instances for his or her 2013 article, which in contrast Bitcoin to historic monetary bubbles such because the tulip mania and the dotcom bubble.
He identified that Bitcoin, which was valued at $138 on the day the article was revealed, is now price over $100,000, indicating a whopping 76576.8% enhance.
“I believe it’s time for the FT to confess defeat and print a retraction,” Winklevoss stated. “The enterprise press not solely hates enterprise, it is aware of nothing about it.”
FT didn’t instantly return Benzinga’s request for remark.
See Additionally: Peter Thiel As soon as Defined Why Bitcoin Gained’t Go Up ‘Dramatically’ And How It’s Set For A ‘Unstable, Bumpy Journey’ Thanks To BlackRock
Curiously, whereas the Monetary Instances has written a number of op-eds important of Bitcoin and its potential, it additionally revealed an article in August titled “Britain missed the primary crypto wave. We can not skip the second.”
It’s price mentioning that lower than a yr after the FT’s piece, Mt. Gox, some of the fashionable Bitcoin exchanges on the time, declared chapter after dropping 744,408 BTC in a hack. This pushed Bitcoin right into a stoop and an prolonged bear market, and by early 2015, costs had collapsed. However Bitcoin charted a restoration, which was a increase throughout 2017, when ICOs have been garnering public consideration.
Winklevoss Twins And Their Bitcoin Historical past
Cameron and his twin brother Tyler have been large cheerleaders of Bitcoin and the broader cryptocurrency trade.
The 2 made important Bitcoin donations to assist the campaigns of pro-cryptocurrency politicians, together with President Donald Trump and John Deaton, who ran in opposition to Senator Elizabeth Warren (D-Mass.), throughout the 2024 election cycle.
In August, they donated $21 million in Bitcoin to a political motion committee supporting Trump’s imaginative and prescient of creating the U.S. the “world’s cryptocurrency capital.”
The dual brothers personal an estimated 70,000 BTC, price $7.40 billion, along with different cryptocurrencies, in accordance to information from Forbes.
Value Motion: On the time of writing, BTC was exchanging arms at $105,854, up 3.87% within the final 24 hours, in accordance with information from Benzinga Professional.
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Disclaimer: This content material was partially produced with the assistance of Benzinga Neuro and was reviewed and revealed by Benzinga editors.
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