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<ul class="news-points"> 
 <li>Cameron Winklevoss believes that the value of Bitcoin will soon overtake that of precious metals like gold.</li> 
 <li>The Gemini founder cited the possibility of space mining for precious metals like gold.</li> 
 <li>Winklevoss believes that the abundance of precious metals on earth will make Bitcoin a more valuable commodity.</li> 
</ul> 
Cameron Winklevoss, the co-founder of American <a href="https://coinedition.com/tag/Gemini/">crypto exchange Gemini</a>, believes that the value of Bitcoin will soon overtake that of precious metals like gold, as well as other valuable commodities like oil. In a video posted by Gemini on Twitter, Winklevoss cited the simple laws of supply and demand to make his case for the flagship cryptocurrency. 
According to Winklevoss, Bitcoin is the first commodity in the universe that is “truly fixed”. He stated that BTC’s supply doesn’t expand when demand increases, making it a limited commodity with a better prospect for price appreciation. The <a href="https://coinedition.com/gemini-founders-explore-new-uk-base-amid-us-anti-crypto-policies/">Gemini</a> co-founder also compared Bitcoin’s supply and demand to that of precious metals. 
Citing the economics of gold, Cameron Winklevoss highlighted that an increase in its price would lead to accelerated mining efforts to meet the demand. He pointed out that th…
The post <a rel="nofollow" href="https://coinedition.com/winklevoss-makes-the-case-for-bitcoin-outvaluing-precious-metals/">Winklevoss Makes The Case For Bitcoin Outvaluing Precious Metals</a> appeared first on <a rel="nofollow" href="https://coinedition.com">Coin Edition</a>.

Winklevoss Makes The Case For Bitcoin Outvaluing Precious Metals

Coin Edition

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