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Where do you see Bitcoin in five years?
CW: Five years in the technology space can be a lifetime. The level of adoption could be quicker and faster than any other technology we’ve seen.
A lot of the early adopters of Bitcoin are pretty crazy, right? They wear tinfoil hats? Are you ideologically driven when it comes to Bitcoin?
TW: I’m not sure I would characterize everyone in Bitcoin like that.
CW: What attracts us is the ability to have frictionless payment across the world and borders. And also a math-based alternative to fiat currency.
How do you store your Bitcoins?
CW: Cold storage.
TW: They’re in safety deposit boxes in different cities. They’re also password-protected. You have to rob a bank, crack a code, and know exactly which box in which city. They’re pretty secure.
Are you buying more?
CW: If you’re bullish you could argue it’s always a good time to buy.
What were your motivations in creating your Bitcoin exchange-traded fund?
CW: The first question people asked was, “What is Bitcoin?” and the second question is, “How can I buy it?” Our aim was to bring Bitcoin to mainstream investors.
CW: Five years in the technology space can be a lifetime. The level of adoption could be quicker and faster than any other technology we’ve seen.
A lot of the early adopters of Bitcoin are pretty crazy, right? They wear tinfoil hats? Are you ideologically driven when it comes to Bitcoin?
TW: I’m not sure I would characterize everyone in Bitcoin like that.
CW: What attracts us is the ability to have frictionless payment across the world and borders. And also a math-based alternative to fiat currency.
How do you store your Bitcoins?
CW: Cold storage.
TW: They’re in safety deposit boxes in different cities. They’re also password-protected. You have to rob a bank, crack a code, and know exactly which box in which city. They’re pretty secure.
Are you buying more?
CW: If you’re bullish you could argue it’s always a good time to buy.
What were your motivations in creating your Bitcoin exchange-traded fund?
CW: The first question people asked was, “What is Bitcoin?” and the second question is, “How can I buy it?” Our aim was to bring Bitcoin to mainstream investors.
http://www.businessweek.com/articles/2013-08-08/cameron-and-tyler-winklevoss-on-bitcoin-and-their-public-persona