Digital currency is the way of the future, according to entrepreneurs Cameron and Tyler Winklevoss who developed the virtual bit coin exchange, Gemini.
The exchange, which has been approved by New York State to trade ether, a form of digital currency, hope their platform will become the “NASDAQ for Bit coin buying and selling.”
“[Today] Bit coin is acting like a mature asset,” Tyler said. “There’s a lot of liquidity and there are a lot of licensed operators now like Gemini.”
In the future, the brothers see Bit coin disrupting gold. While predicting the U.S. dollar to be government-controlled, they believe cryptocurrencies will be the new norm.
“You’ll be using digital currency,” Tyler said. “I think really what will happen is you’ll use a combination of bit coin, ether, your devices, the ‘Internet of Things.’ We've got billions of devices coming on line. They’ll never exchange value with Pay Pal, credit cards or ACH [Automated Clearing House], but they will use cryptographic tokens… I think fiat currencies will become digital.”
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From @aaronaugustine