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☄ Winklevoss brothers at Bitcoin Amsterdam 2025 (full speech):
These are the founders of the cryptocurrency exchange Gemini and some of the first public investors in Bitcoin.
Bitcoin = gold 2.0
• Their position has not changed since 2013: BTC is digital gold.
• Compared to the market capitalization of gold, Bitcoin's growth potential remains around 10x.
• In their worldview, BTC becomes a global reserve currency, while fiat turns into "money before the internet."
Zcash, privacy and AI
• Brothers launch the public company Cypherpunk with a reserve in ZEC.
• Zcash — a Bitcoin fork with a limit of 21 million coins and private transactions.
• Their idea is to store capital in BTC, while spending and transferring funds through private Zcash.
• They are confident that the development of AI will sharply increase the demand for privacy, as surveillance algorithms are growing faster than laws.
Cryptocurrency = money for AI
• Bitcoin creates digital scarcity, AI creates digital abundance, and cryptography connects these two worlds.
• The future is agents and robots that connect to protocols and pay each other with crypto without banks.
• They believe that Gemini will one day have more agent-customers than people.