In an sit down interview with CNBC reporter Seema Mody, Tyler Winklevoss suggested that having a large company like Facebook getting into the crypto space is a positive event. Once Facebook launches Libra, it may help bring cryptocurrency in the mainstream further more.
Check out clip from CNBC below, we’re also including the transcript in case you can’t see the video. All rights belong to CNBC and please refer all credits to CNBC.
Courtney Reagan: Zuckerberg and the Winklevoss twins famously don’t see eye to eye on an awful lot of things. But there’s one thing that the three of them are all bullish on. Crypto currencies. Seema Mody sat down with Tyler and Cameron Winklevoss to talk all things crypto, including Facebook’s Libra project. Isn’t this interesting how things re intersect again for these?
Seema Mody: Yeah, small world right? Cray, despite Tyler and Cameron Winklevoss, is tumultuous relationship with Facebook. There were positive on the company’s crypto currency. Bet Libra.
Tyler Winklevoss: is very positive for crypto accompany the stature of Facebook. Actually talking about crypto demystifies the word it makes people feel more comfortable in. Our prediction is that every faint company will have some sort of crypto project within the next two years.
Seema Mody: Did you feel like Facebook was copying your idea again?
Tyler Winklevoss: Well, Libra is very different than Gemini. Gemini eyes a marketplace and we’ll evaluate Libra in earnest, and it might actually be an asset that is one day listed. If it’s an open protocol.
Seema Mody: I also asked him what’s behind the recent surge in Bitcoin, which they are big investors in, And they said the idea Bitcoin B and being an alternative to gold is gaining momentum. They also see regulators over time, allowing new products like exchange traded funds to enter the market. Courtney. They also say that Asia is playing a huge part in this run up that we’ve seen so far this year.
Courtney Reagan: There was an interesting comment that they think everything stock will have, right? Why and why does Netflix right? His Netflix need one right now?
Seema Mody: Who knows if it’s actually Netflix? But this idea that some of the big tech giants in Silicon Valley that it’s not just Facebook but other companies out there will over time introduce their own Cryptocurrency project is certainly an interesting forecast, and we’ll have to see if that is what happens over the next two years. We know that Silicon Valley has been very bullish on Blly when you look at the number of start ups that are coming out in recent years that are trying to specialise on slockchain, especiapecialise. You know their own project within Blockchain will see, you know, if something comes from that
Courtney Reagan: do you think that they feel like having Facebook inter into the crypto currency space at least as some legitimacy or helps? Maybe everyday consumers feel more comfortable with the idea of a crypt.
Seema Mody: Yeah, that’s what we were trying to say that by having Facebook entered the Cryptocurrency space with their own project that it maybe gives a validation to this industry that is still at, at this time trying to gain credibility among not just investors but regulators as well. Your next week will wash to see Facebook and their conversations with the Senate Banking Hearing Committee as to what type of pushback they’ll receive from regulators and if they can, in fact get Libra to the market
Courtney Reagan: Libra and Gemini all sounds like sort of like one of these Zodiac signs.
Seema Mody: I know that’s what the district slaying of that it must be, right. I mean, no, I mean clearly, they all know that this is something. This is still a small world, and they have. There is a very rich history among these three gentlemen, Mark Zuckerberg, Tyler and Cameron Winklevoss. That’s what makes it so interesting.