Finally, the bitcoin network witnessed the third-ever halving event in its 11-year history on May 12, 2020. However, on account of bitcoin halving, several prominent crypto influencers shared their excitement and possible price movement. One among the top leaders discussing largely bitcoin and decentralized money is a billionaire Tyler Winklevoss. 

Tweeting on May 11, Tyler Winklevoss compared investment of bitcoin with investment in Gold. As per Winklevoss, (today) investing in gold is like choosing to send snail email versus an email”. [ FYI, a slang term, Snail mail is used for the regular postal service which is a lot slower than e-mail ]

However, he stated that prior to the invention of the personal computer, the internet, and Bitcoin, investment in Gold in 19s was considered as the best hedge against inflation, adding that today it is a like choosing snail mail than email. The tweet quickly captures user’s attention, in fact, many crypto enthusiasts commented on it, their mixed sentiments. Responding to one such user who commented “Bitcoin is not a replacement for gold, Tyler Winklevoss replied “its a gold disruptor”. 

The fact is that there has been a lot of buzz around the comparison of Gold with Bitcoin, mainly because both assets are scarce as compared to fiat currencies or other asset classes. Many also stress that gold is expensive for the fact that unlike Gold, BTC price doesn’t even hinge on physical delivery. Moreover, some comments reiterate a similar viewpoint, a twitter user named, MoneyMike, laughed by saying “Gold is like denying a letter and hope it gets to the person and doesn’t get lost”. 

Moreover, in another tweet, Tyler’s twin brother Cameron Winklevoss gets bullish on Bitcoin investment and said; 

By investing in Bitcoin, you are facilitating a peaceful transfer of power from governments to the people

Conclusively, Bitcoin is currently plummeting by 1.38 percent within the past 24Hrs, standing at the value of $8766 against USD.