Tech News, Magazine & Review WordPress Theme 2017
  • FEATURES
    • News
    • Bitcoin
    • Ethereum
    • Ripple and XRP
    • Altcoins
    • Trading
    • Blockchain
    • Futuremash
    • Regulators
    • Scams
    • Crypto 101
  • HODLX
    • Latest Stories
    • FAQ
    • Submit Your Guest Blog
  • CRYPTO LIVEWIRE
    • Latest
    • Press Releases
    • Sponsored Posts
    • Submit Your Content
  • BEGINNERS
    • What Is Bitcoin?
    • What Is Blockchain?
    • What Does Hodl Mean?
    • How to Pay Your Bills with Bitcoin
    • Best Bitcoin FAQs
    • Example of Bitcoin’s Purpose
    • Cryptocurrency Has Multiple Meanings
    • Authenticator Alert – Securing Your Crypto
  • SUBMIT
    • Guest Blog
    • Press release
    • Sponsored post
  • EXPLORE
    • eToro
No Result
View All Result
  • FEATURES
    • News
    • Bitcoin
    • Ethereum
    • Ripple and XRP
    • Altcoins
    • Trading
    • Blockchain
    • Futuremash
    • Regulators
    • Scams
    • Crypto 101
  • HODLX
    • Latest Stories
    • FAQ
    • Submit Your Guest Blog
  • CRYPTO LIVEWIRE
    • Latest
    • Press Releases
    • Sponsored Posts
    • Submit Your Content
  • BEGINNERS
    • What Is Bitcoin?
    • What Is Blockchain?
    • What Does Hodl Mean?
    • How to Pay Your Bills with Bitcoin
    • Best Bitcoin FAQs
    • Example of Bitcoin’s Purpose
    • Cryptocurrency Has Multiple Meanings
    • Authenticator Alert – Securing Your Crypto
  • SUBMIT
    • Guest Blog
    • Press release
    • Sponsored post
  • EXPLORE
    • eToro
No Result
View All Result
The Daily Hodl
No Result
View All Result

Bitcoin Billionaire Says There Are Now 17,000,000,000,000 Reasons to Buy BTC

by Daily Hodl Staff
October 18, 2019
in Bitcoin
‏‏‎ ‏‏‎ ‏‏‎ ‏‏‎

‎‎‎ ‏‏‎

ADVERTISEMENT

Gemini co-founder Cameron Winklevoss thinks the skyrocketing level of global stock held in negative interest bonds is a boon for Bitcoin.

Winklevoss and his twin Tyler became billionaires by buying into BTC early, when it was worth around $8.00. Cameron thinks it’s still smart to invest in the currency, in part due to the some $17 trillion held in negative-yielding debt.

$17 trillion dollars are currently held in negative interest bonds. 17 trillion reasons why you should own bitcoin.

— Cameron Winklevoss (@winklevoss) October 17, 2019

Banks, insurance companies and pension funds have all relied on bonds as a great way to store wealth. With negative interest bonds, however, investors will pay more for a premium than they’ll actually earn in interest over the life of the bond – making the investment a money loser.

A year ago, there was only $6.5-7 trillion held in negative-yielding debt. The massive increase to $17 trillion has sparked fears of a bond bubble.

ADVERTISEMENT

Twitter followers responding to Winklevoss contrasted the gargantuan amount of wealth in negative interest bonds with what’s currently invested in Bitcoin.

Indeed. Preach.

— Cameron Winklevoss (@winklevoss) October 17, 2019

And that $17 trillion figure could continue to grow.

That’s right — and growing!

— Cameron Winklevoss (@winklevoss) October 17, 2019

Reports Bloomberg,

“With recession signals flashing around the globe—such as the inverted Treasury yield curve—and with a trade war between the U.S. and China heating up, there are arguments for the stock of negative-yielding debt to keep expanding.”

Some Twitter commentators argued that parking that kind of wealth in Bitcoin would be “a huge challenge.” Winklevoss, however, countered that it’s easy to open up a crypto account.

What challenges are you referring to…you can open an account on an exchange in <2min

— Cameron Winklevoss (@winklevoss) October 17, 2019

ADVERTISEMENT
Follow us on Facebook            Join us on Telegram            Follow us on Twitter


Check Latest News Headlines


ADVERTISEMENT


Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
Submit a Press Release

Crypto Livewire – Press Releases

  • Bang Bang: Critical Factors Fueling Rise of the Retail Investor
    February 25, 2021
  • How Traders Make Money in Both Bull and Bear Markets on BigoMex
    February 25, 2021
  • Student Coin Found New Ways to Use Crypto
    February 24, 2021
  • Everest Receives Crypto Custodian Approval
    February 23, 2021
  • Here’s How Traders Are Staking Crypto Assets Without the Hassle
    February 18, 2021
Submit a Guest Post
ADVERTISEMENT
Bitcoin
$46,500.00
$46,500.00
7.87%
Ethereum
$1,476.78
$1,476.78
9.38%
Binance Coin
$221.19
$221.19
10.54%
Polkadot
$30.15
$30.15
9.65%
Cardano
$1.03
$1.03
0.9%
XRP
$0.435229
$0.435229
7.8%
ADVERTISEMENT

Spotlight

  • $8.7 Trillion Asset Titan BlackRock Has Officially Entered Bitcoin Market
    February 18, 2021
  • North American Bitcoin ETF Erupts, Analyst Says It Could Soon Shatter $1 Billion in Assets Under Management
    February 22, 2021
  • Dash Isn’t a Privacy Coin, According to Andreas Antonopoulos
    February 19, 2021
  • Public Companies Will Mirror Tesla’s Bitcoin Investment, Says Wealth Management Exec – Here’s Why
    February 23, 2021

DON’T MISS A BEAT

Crypto headlines delivered daily
to your inbox
BTC, ETH, XRP news alert options

By joining The Daily Hodl news list you agree to our
Terms and Conditions and Privacy Policy.

Check your inbox for confirmation email.

Cryptocurrency news and analysis, covering Bitcoin, Ethereum, Ripple, XRP, altcoins and blockchain technology

Categories

Bitcoin • Ethereum • Trading •
Ripple and XRP • Altcoins •
Blockchain • Regulators •
Scams • Crypto101 • HodlX • Explore • Futuremash •
Crypto Livewire

ABOUT US | EDITORIAL POLICY | PRIVACY POLICY
TERMS AND CONDITIONS | CONTACT

JOIN US ON TELEGRAM

JOIN US ON TWITTER

JOIN US ON FACEBOOK

COPYRIGHT © 2017-2021 THE DAILY HODL

No Result
View All Result
  • FEATURES
    • News
    • Bitcoin
    • Ethereum
    • Ripple and XRP
    • Altcoins
    • Trading
    • Blockchain
    • Futuremash
    • Regulators
    • Scams
    • Crypto 101
  • HODLX
    • Latest Stories
    • FAQ
    • Submit Your Guest Blog
  • CRYPTO LIVEWIRE
    • Latest
    • Press Releases
    • Sponsored Posts
    • Submit Your Content
  • BEGINNERS
    • What Is Bitcoin?
    • What Is Blockchain?
    • What Does Hodl Mean?
    • How to Pay Your Bills with Bitcoin
    • Best Bitcoin FAQs
    • Example of Bitcoin’s Purpose
    • Cryptocurrency Has Multiple Meanings
    • Authenticator Alert – Securing Your Crypto
  • SUBMIT
    • Guest Blog
    • Press release
    • Sponsored post
  • EXPLORE
    • eToro

© 2020 The Daily Hodl

×
We use cookies to give you the best online experience possible. Continue browsing if you are happy with that, or see how to manage cookies.