Winklevoss Twins: Crypto Hype at SXSW Offers Investors a Bullish Case for the Markets

Ever since Bitcoin and the entire crypto markets went spiraling downwards in late-2017 and early-2018, investors sentiment has grown to be strongly linked to price action, and as such, the sentiment of most neophyte investors that have been burned by the persisting bear market remains in the gutter.

Despite this, the sheer amount of hype and excitement surrounding the nascent markets and technologies at the on-going South by Southwest (SXSW) conference in Austin, Texas, may be a signal that excitement for the markets is still flowing through the veins of investors, regardless of how well various cryptocurrencies are trading.

Winklevoss Twins: Interest in Crypto is at a Tipping Point

Cameron and Tyler Winklevoss the founders of the popular cryptocurrency exchange Gemini have sat at the forefront of all noteworthy crypto-related discussions at the SXSW conference, and recently discussed the notable revelations stemming from the revered and highly publicized conference.

One of the many interesting sections of the Medium post written by the twins is titled Interest is at a tipping point, and explains how the packed house, combined with the level of audience engagement, signals that investors are still incredibly engaged with the technologies and the industry as a whole, regardless of whether or not the markets are offering them colossal returns.

Look no further than the packed house we saw from the stage the energy and excitement around cryptos future was palpable money has a future. Perhaps more importantly, the level of engagement and thoughtful questions posed by the audience on topics such as stablecoins, mining, financial disruption, scalability, and others, demonstrates that cryptocurrency is in fact no longer a fringe technology, they explained.

Because the technologys user base is growing by leaps and bounds, it does seem as though the markets may be seeing the first glimpse of true maturity, which is typically found in markets that have constant, stable growth, paired with an enthusiastic user-base.

Will the Crypto Winter Lead to Increased Innovation?

There is a widely held belief that bear markets are actually the best market conditions to grow a business in, as it requires companies and projects to buckle down and focus on innovation, rather than simply chasing dollars at the cost of innovation.

The twins elaborated on this sentiment in the blog post, explaining that the quality of projects being developed has never been higher.

In times like 2017, when mania overshadows discipline, everything seems like a good idea. Today, the quality of projects and entrepreneurs pursuing them has never been higher. We are all forced to make thoughtful decisions and trade-offs, which we believe will ultimately lead to better results for our industry as a whole, the Winklevoss brothers bullishly noted.

As the industry continues to grow, and projects like Gemini continue to improve the ecosystem, it is likely that the markets will eventually follow suit and catch up to the industrys developments.


Featured image from Shutterstock.

The post Winklevoss Twins: Crypto Hype at SXSW Offers Investors a Bullish Case for the Markets appeared first on NewsBTC.

15.03.2019 / 15:20 53
Winklevoss Twins Claim Crypto Could Ultimately Be a Strong Social Network, But Will Increased Regulation Lead to This? Winklevoss Twins Claim Crypto Could
Theres no question that the relatively small and niche nature of cryptocurrencies in their current state leads them to have a strong community of
Bitcoin (BTC) Price To Recover As Regulation Kicks In  Winklevoss Twins Bitcoin (BTC) Price To Recover As
The Winklevoss Twins say regulation will strengthen trust in the crypto industry and help return bitcoin prices to previous higher levels. Cameron
Winklevoss Twins: Bitcoin Needs Regulation so Investors Dont Get Burned Winklevoss Twins: Bitcoin Needs
The crypto market hasnt fully recovered from the effects of 2018s crypto winter, with the Bitcoin pricedipping below the $3,500 mark on Sunday
Cameron Winklevoss: We Know We Arent Going to Please Everyone Cameron Winklevoss: We Know We Arent
Cameron and Tyler Winklevoss did an Ask Me Anything session on Reddit following a full-page advertisement in the New York Times. The twins answered
Crypto Winter? Winklevoss Twins Say Theyre Totally at Home in this Market Climate Crypto Winter? Winklevoss Twins Say
TweetShare Cameron and Tyler Winklevoss, early bitcoin investors and founders of the Gemini crypto exchange, dont seem to be deterred by the current
Winklevoss Twins Hint at Gemini Support for Litecoin, Bitcoin Cash; Big Implications for CBOE Futures? Winklevoss Twins Hint at Gemini Support
In my previous article CBOE Completes Upgrade, Other Crypto Futures Coming?, I speculated that now that the CBOE had finished its latency
Comments (0)
Add a comment
Comment on