Gemini co-founder Cameron Winklevoss says Ethereum’s value is not reflected in the project’s market capitalization. He added that the booming sector of decentralized finance (DeFi) is still in its infancy.
Cameron Winklevoss compares Ethereum to Windows
IN interview for Layah Heilpern, Winkelvoss compared Ethereum to an operating system like iOS or Windows. In this context, in his opinion, ETH is underestimated today. That said, it’s hard to easily judge a creative and modern project like Ethereum. In his opinion, a lot of work has been done in the last 3 years to strengthen the platform and its cryptocurrency.
Considers that when today “You’re looking at Ethereum (…), it seems as a whole really underrated where it is. Bitcoin is almost twice as high as the record level [ceny] three years ago, so we think there’s a lot of value there and we love the endless possibilities and nature of it. “
Looking at the DeFi market, Cameron confirmed that he and his twin brother Tyler fully support the nascent space. According to them, the fashion for DeFi is just beginning.
– We are definitely pro DeFi. We presented dozens of DeFi tokens on Gemini, we really support it all. This is just the beginning, right, and in a way it is a process of building (…), putting together and rebuilding centralized financing – added. – There is a risk. This is not the most user-friendly experience. There is definitely a risk. Some projects will fail in a spectacular fashion, while others will be extremely successful – he predicted.
Contrary to the opinion of many Bitcoin maximalists, Winklevoss believes that DeFi does not have to compete with BTC as an idea. In his opinion, such projects serve various purposes in the cryptocurrency sector.
– I think what is happening is a fundamental start that is really amazing and it does not compete with Bitcoin. This is one of the great things and unfortunately you see people are becoming maximalist after all and embracing a “Bitcoin Only”, “Ethereum Only” or “Any Token Only” stance – He said. – The best gymnasts in the world look completely different than the best bodybuilders in the world. Both groups are phenomenal at what they do, but a gymnast would not be a great bodybuilder and vice versa … They do different things and so is room for some amazing projects – added.