Winklevoss Twins and Miami Mayor Suarez talked about their optimistic approach to the crypto market despite the recent collapse. Suarez said he’s getting paid in Bitcoin, while the twins are investing at the dip.
2 min read
Updated: May 26, 2022 at 2:52 pm
Cover art/illustration via CryptoSlate
On two separate occasions, both the billionaire Winklevoss Twins and Miami’s Mayor Francis Suarez expressed their bullish attitude toward the crypto market, even after the fallout following the Terra LUNA scandal.
While the twins choose to increase their investments in crypto startups, Suarez continues to receive his salary in Bitcoin (BTC). They do so because they believe in the technology behind crypto.
Winklevoss twins increase investments
Fundraising for crypto and blockchain startups significantly declined after the recent LUNA-related crash. The Winklevoss twins stepped up to take advantage of this decline and accelerated their investments in various crypto startups.
Cameron Winklevoss commented on the investments and said:
“We believe in investing in the next generation of builders and visionaries who are pushing the boundaries of what’s possible. They are risk takers who want to build a better human experience and aren’t afraid to think big and fail greatly.”
The brothers choose to hold on to their investments in cryptocurrencies and crypto companies. During the first days of the market collapse, Tyler tweeted:
Lots of trolls fueling the rumor mill these days. Like that @cameron and I are sellers in this market, blah blah blah. This is completely false. Haven’t sold anything. Been here many times before. Completely unfazed. This too shall pass. Never been more bullish. Onward! 👍🚀
— Tyler Winklevoss (@tyler) May 12, 2022
Two days later, Cameron backed his brother up and tweeted:
Bitcoin isn’t just an asset. And it’s not just a technology. It’s a movement that offers the blueprint to dismantle traditional power structures. It promises greater independence, choice, and opportunity. It was a tough week, but the underlying fundamentals haven’t changed. WAGMI
— Cameron Winklevoss (@cameron) May 14, 2022
40-year-old billionaire twins Cameron and Tyler Winklevoss co-founded Gemini and have a combined fortune of $6,4 billion. They are also amongst the largest Bitcoin holders and have invested in 50 crypto or blockchain startups.
Suarez holds on to his salary in Bitcoin
Miami’s Mayor Francis Suarez recently spoke about the future of crypto at The World Economic Forum.
He was asked if he’d choose to receive his salary in Bitcoin if he knew the LUNA crash would happen. Suarez said:
“Yes, and I am still taking my salary in Bitcoin. I will note for the record that it’s not my only salary. I think it’s a different decision than if a person was deciding to take their salary in Bitcoin if it was the only source of income for them.”
He continued to talk about his optimistic approach to the market. He said:
“I have the luxury of being able to think long in terms of my investment in Bitcoin.[…] I don’t focus strictly on the price. If you’ve looked at the price historically at Bitcoin, there is only been a few years where the price has gone down almost invariably. Every single year the price goes up and it goes up significantly. [..] What I focus on is the base technology.”
Mayor Suarez’s attitude towards cryptocurrencies has been positive for a long time. He continues to work to make Miami a crypto-friendly environment. Currently, his office is working on allowing businesses to pay their taxes in crypto.
