Exchange Gemini co-founder Tyler Winklevoss claims that very soon Bitcoin will receive a “tsunami”Of capital. In a text in his account on the social network Twitter, he assured that the recent investments of Square Y MicroStrategy, are just the beginning.
It should be remembered that last week, the technology giant Square, founded by Jack Dorsey, announced the purchase of Bitcoin equivalent to 50 million USD. Dorsey is also the CEO and co-founder of Twitter.
Weeks before this investment, another large company, the services firm MicroStrategy, transacted for Bitcoin. They would have had a magnitude equivalent to 475 million US dollars.
The beginning of the capital tsunami that Bitcoin will receive
For the aforementioned investor, the operations of these two firms are just the beginning. In this sense, he believes that many more companies will join similar plays, which means that Bitcoin will receive capital in large quantities.
Tyler recently assured that the most important of cryptocurrencies is stronger than ever. All of this, in his opinion, due to the current inflationary trend in the main world economies.
At this last point, a report published on the portal should be brought up Fox Business, where the consequences of inflation begin to become evident. “If you feel that the prices of everything you buy have been rising, it is because they are”they affirm.
As a consequence of the crisis that accelerated the COVID-19 pandemic, the United States Federal Reserve announced a plan to increase liquidity. It consisted of the extra printing of billions of dollars, which would allow the economy to stay afloat.
More visionary leaders will arrive
For the millionaire founder of Gemini, Bitcoin will receive capital from a greater number of visionary investors. He considers that the weaknesses of the traditional financial system are a stimulus for the most popular of cryptocurrencies to be seen as a very valuable asset.
Aside from Square and MicroStrategy, he writes, “tomorrow a new visionary leader will appear, and then another and another… a tsunami is coming”. Likewise, it is of great importance to point out that these aforementioned firms have benefited from their actions.
Since making this investment in Bitcoin, both firms have notably recovered their balance sheets, explains the Newsbtc.com portal.
Beyond the optimism of an enthusiast
Many might think that Tyler Winklevoss is not a very objective authority for these kinds of predictions. This due to his proven sympathies with Bitcoin.
Despite this, the probabilities of the veracity of this judgment are high, according to the opinion of Andrew Kang, founder of Mechanism Capital. This investor agrees that Bitcoin will receive significant sums of capital.
Consequently, it states that the background for institutional investment has never been stronger. All of this, he explains, could attract dozens of large investors to Bitcoin.
To support this claim, Kang lists a number of related trends. Among them is the low volatility in the cryptocurrency market.
Data to take into consideration
- Square and MicroStrategy’s stock rally after investing in Bitcoin may attract other large investors.
- Tyler Winklevoss, considers that these two companies and the investment of part of their capital in Bitcoin, is only the beginning of a tsunami that is coming.
- Between the two mentioned companies, they invested more than $ 500 million in Bitcoin.
- The inflationary trend of the economy could be one of the reasons for investors to seek refuge in Bitcoin.
Related