The famous entrepreneurs are looking at many advantages in decentralized finance. They are sure that some DeFi projects will fail and others will succeed incredibly.
Brothers Tyler and Cameron Winklevoss, founders of crypto exchange Gemini are firm in their belief that Ether (ETH), Ethereum’s native token, ranks as the most undervalued crypto asset of the moment. Both are sure that an evolutionary explosion will occur due to the burgeoning decentralized finance (Defi) sector, which will be the perfect moment for the cryptocurrency to show its market capitalization.
Cameron spoke with Youtuber Layah Heilpern about the potential that the Ethereum network offers. He described it as a decentralized system with capabilities for ‘building apps or really whatever the user wants when running smart contracts. Doing so requires more ether, which would serve as a digital fuel for a system like this.
Thanks to the promising potential that Ethereum has, new financial services are redesigning their cores, and as this happens, there is an increasing demand for ether. For that reason, Winklevoss believes that there will soon be an evolution in the ecosystem that he relates to the Cambrian explosion, an event from that geological age when there was the most significant diversification of organisms on planet Earth.
DeFi and the Passion the Winklevoss Feel for it
During the interview, the brothers talked about their exchange, Gemini, which supports “dozens of Defi tokens.” They sustain the idea of supporting the development of the so-called money Legos since they believe that decentralized finance is the next big thing that will bring changes to the crypto world.
Cameron also clarified that designing a new financial system is always risky. He said about this matter that “there is a list of projects that will fail, but others will be incredibly successful. You have to understand that it is something new, and that is why you need to have the right lens before approaching them, “he explained.
The Winklevoss twins also talked about bitcoin. They recalled that last year they published an article on their blog in which they said that it is an undervalued cryptocurrency and that it should reach a peak of $ 500,000 per unit over the next decade. Now, bitcoin’s price continues to renew its all-time high, and they do not doubt that their predictions around Ethereum will also come true.
It was also last year when the twins warned that “there are billions of dollars in gold floating in space and Elon Musk is about to arrive there and mine them,” which would lead to inflation on the precious metal supply. According to Winklevoss, “Elon Musk, you can increase the supply of gold, but you cannot change the available bitcoins, for this reason, Bitcoin is the only fixed good in the galaxy.”
By: Jenson Nuñez
