Looking for a hedge against the Federal Reserve? Try bitcoin. That at least is the view of Cameron and Tyler Winklevoss, who are heavily invested in the virtual currency.
Bitcoin, which is created through a cryptographic process rather than by a central bank, attracted attention earlier this year when its price swung wildly. The supply of bitcoins is set at 21 million, which has led to many comparisons between bitcoin and gold.
Indeed, the Winklevoss brothers, speaking at the Value Investing Congress in New York on Tuesday, mentioned the scarcity and durability of both assets as reasons for why people refer to bitcoin as digital gold or gold 2.0.
9 Things The Winklevoss Twins Taught Me About Bitcoin
The most noteworthy Bitcoin facts imparted to an audience of investors at the Value Investing Congress are listed HERE