Breaking news: Gemini Trust Co potentially going public?

Friday 15 January 2021, 3:19 AM AEST - 1 week ago

Gemini

TL;DR Breakdown

  • Is this digital assets firm potentially going public?
  • Billionaire brothers Cameron and Tyler Winklevoss have noticed a surge in popularity with cryptocurrencies, expressed interest in going public.
  • BTC has been called the door to the world of cryptocurrency.

Cameron and Tyler Winklevoss, billionaires and magnates in the Bitcoin industry, have freshly released a statement saying that they are taking into consideration the possibility of taking Gemini Trust Co. public due to the sudden explosion in interest for cryptocurrencies.

Cameron Winklevoss, Co-founder of the New-York digital firm, has stated this shocking fact during an interview, openly admitting that the possibility isnt so far-fetched due to how popular cryptocurrencies are becoming once again. Here is what it means.

BTC went from a speculative trade to a sound investment

Over the past four years, BTC went from a speculative trade to a sound investment, quadrupling in value and generating what can only be defined as a cryptomania. Although highly volatile and a must-have in the portfolio of any risk-takers, Bitcoins popularity might be the direct cause for the popularity of lesser-known currencies, such as Ethereum and Litecoin.

The Gemini Trust Co.s IPO is a significant event for anyone interested in Bitcoin. The brothers who sued Mark Zuckerberg for stealing ideas offer an exchange and a custody service, including a debit card, specialized in Bitcoin functionalities: On top of working like any other debit card, this would offer 3% cashback in BTC or any other cryptocurrencies. Ironically, this would potentially mean that investors could be making more money the more they spend on everyday things such as food, leisu ...

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