The Winklevoss twins had finally talk with Mark Zuckerberg regarding their cryptocurrency, Gemini.
They became famous for suing the Facebook founder, Zuckerberg, claiming that Zuckerberg stole their social network platform idea when they attended Harvard. The Winklevoss twins later won $65,000,000 as a settlement from the lawsuit.
Now, Tyler and Cameron Winklevoss are both happy that the tech giant is ready to collaborate with the crypto industry. According to Tyler Winklevoss, the collaboration of Facebook and Gemini are very good for crypto, especially for Bitcoin. According to Barclays, the crypto market could reach nineteen billion dollars through Facebook. It is not impossible since Bitcoin’s value peaked at $20,000 in 20177 and is now around $10,000.
Tyler told CNN that their dispute with Zuckerberg did not define who they are as people. Gemini is the real representation of who they are and what they stand for.
Will Gemini Collaborate with Facebook’s Libra?
After having their talk, the Winklevoss twins said that they need to maintain their frenemy relationship with Facebook. Since Gemini is available in forty-nine states, as well as Singapore, the United Kingdom, and other countries, it could give a massive benefit to Libra in receiving its enormous audience. However, US lawmakers fear that Libra might become a rival of the US dollar and weaken the current currency. When it gathered a massive audience, it might become an influential company not only in their country but around the world.
In 2019, Facebook has announced that there will be twenty-eight founding members who will govern the Libra Association. What made it enjoyable is that they have included Coinbase, one of Gemini’s big competitors. The company plan is to gather 100 members before launching it in 2020.
There’s still a possibility that the Winklevoss twins might join the Libra Association. Cameron said that he is looking forward and excited about the project while Tyler said that he could predict that almost every FANG (Facebook, Amazon, Netflix, Google) company will have a coin project in the next 24 months.
What is Gemini’s Advice to Libra?
According to the twin owner of the Winklevoss bitcoin, Libra can help people feel comfortable when it comes to cryptocurrencies. However, Tyler advised Zuckerberg to work and talk with regulators since if the regulation is wrong, it might stifle the innovation.
Despite the rise of Libra, the Winklevoss twins are still positive that their thesis on bitcoin will have the opportunity to wake people up. Their main goal is global expansion, which is why they are planning to add more assets by year-end.