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Winklevoss Twins Get Closer To Launching Their Bitcoin Exchange

Posted by samzenpus on from the just-the-beginning dept.

An anonymous reader writes: Reuters has an update on the Winklevoss twins plan to launch a regulated Bitcoin exchange called Gemini. The two have filed a New York trust application necessary for them to launch their Gemini bitcoin exchange. If approved, the exchange would be able to accept deposits, and issue loans. The twins say they want to make digital currency mainstream in the United States.

2 of 93 comments (clear)

  1. Re:What they really said by digsbo · · Score: 2, Insightful

    Yeah, if you follow conventional wisdom. Which works, until it doesn't. Most likely you're guaranteed to lose purchasing value on a ten year note right now with a yield of 2.264%. Unless you really think inflation is going to be below that over the same time span. The US can't pay its debts without money printing. Between money printing and default, neither makes a 10 year note a great investment at this time. And the dollar won't be the world reserve currency forever.

  2. Re:What they really said by Jack+Griffin · · Score: 2, Insightful

    And Apple shares have outperformed Gold, so by this logic, the world should switch to using Apple shares as currency?