Gemini co-founder and President Cameron Winklevoss and co-founder and CEO Tyler Winklevoss joined ETF Trends Publisher Tom Lydon at the ETF.com Inside ETFs conference in Hollywood, Fla. to highlight Gemini, a regulated bitcoin exchange.
“Our plan for it is to be a like a Nasdaq for bitcoin,” said Tyler Winklevoss. “People can go to it and buy and sell bitcoin like they go to Nasdaq to buy and sell a security.”
Gemini is viewed as an addition to Winklevoss Capital’s plans to launch the Bitcoin Trust, the firm’s proposed cryptocurrency-backed exchange traded fund. In December, the Bitcoin Trust filed with the Securities and Exchange Commission to sell 20.1 million shares on the Nasdaq exchange. In July, a Form S-1 filing with the Securities and Exchange Commission reveled the ETF, assuming it comes to life, would trade under the ticker “COIN.”
“There’s a lot of friction in buying and storing bitcoin, so we’re looking to create a platform in the U.S. that’s totally regulated and compliant to help that,” said Cameron Winklevoss.
Adding to the allure of bitcoin is rampant debasement of developed market currencies.
“Fiscal mismanagement will drive people away from a certain currency and it will drive them towards what they believe are safer assets and a source of value like a gold or a bitcoin,” added Tyler Winklevoss.
Watch the video below to see the full interview.
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