TechFlow news — At the 2021 Bitcoin Conference in Miami, Gemini founders Tyler and Cameron Winklevoss said they remain holders of bitcoin and pledged to hold at least until the price reaches $500,000. However, they believe there will be no need to sell any tokens for fiat currency by then, as fiat has no value—calling the U.S. dollar the "ultimate shitcoin."
They pointed out that such a surge is easily possible because bitcoin is a superior version of gold and will eventually surpass precious metals with a market capitalization far exceeding $10 trillion. The COVID-19 pandemic and government actions were cited as key reasons driving Wall Street and other institutions into bitcoin, with the brothers stating that the Federal Reserve is bitcoin's biggest booster.
