The tweets come as geopolitical tensions continue to weigh on financial markets. There is a train of thought among financial players about cryptos and periods of emerging market stress. Because cryptocurrencies like Bitcoin are a store of value, they are expected to rise during these periods.
DOES BITCOIN SAVE CITIZENS?
In the paper, (you must download it) Winklevoss referred to in his tweet, the authors state:
"Our analysis reveals that a private digital currency improves citizen welfare and encourages local investment. Moreover, the government ?nds permitting the private digital currency incentive compatible."