Share this article
The Case for $500,000 Bitcoin
The Winklevoss brothers make an argument that, in the long run, bitcoin is the only good safe haven.
Updated Sep 14, 2021, 9:49 a.m. Published Aug 30, 2020, 1:00 p.m.
Make us preferred on Google
The Winklevoss brothers make an argument that, in the long run, bitcoin is the only good safe haven.
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
For more episodes and free early access before our regular 3 p.m. Eastern time releases, subscribe with Apple Podcasts, Spotify, Pocketcasts, Google Podcasts, Castbox, Stitcher, RadioPublica, iHeartRadio or RSS.
This episode is sponsored by Crypto.com, Bitstamp and Nexo.io.
This week’s episode of Long Reads Sunday is a reading of the latest essay from Tyler and Cameron Winklevoss.
The essay looks systematically at the problems of the slate of current store-of-value assets, including the U.S. dollar, oil and gold.
The brothers argue why those assets have, or are starting to have, value in their safe haven function, while bitcoin is on the rise.
See also: Is Asteroid Mining Really Our Best Argument for Bitcoin Over Gold?
For more episodes and free early access before our regular 3 p.m. Eastern time releases, subscribe with Apple Podcasts, Spotify, Pocketcasts, Google Podcasts, Castbox, Stitcher, RadioPublica, iHeartRadio or RSS.
Note: The views expressed in this column are those of the author and do not necessarily reflect those of CoinDesk, Inc. or its owners and affiliates.
More For You
KuCoin captured a record share of centralised exchange volume in 2025, with more than $1.25tn traded as its volumes grew faster than the wider crypto market.
What to know:
- KuCoin recorded over $1.25 trillion in total trading volume in 2025, equivalent to an average of roughly $114 billion per month, marking its strongest year on record.
- This performance translated into an all-time high share of centralised exchange volume, as KuCoin’s activity expanded faster than aggregate CEX volumes, which slowed during periods of lower market volatility.
- Spot and derivatives volumes were evenly split, each exceeding $500 billion for the year, signalling broad-based usage rather than reliance on a single product line.
- Altcoins accounted for the majority of trading activity, reinforcing KuCoin’s role as a primary liquidity venue beyond BTC and ETH at a time when majors saw more muted turnover.
- Even as overall crypto volumes softened mid-year, KuCoin maintained elevated baseline activity, indicating structurally higher user engagement rather than short-lived volume spikes.
More For You
Here are the winners and losers (so far) in bitcoin mining from Nvidia's $2B CoreWeave investment
Nvidia’s deepened partnership with CoreWeave raises pressure on bitcoin miners pivoting to AI infrastructure.
What to know:
- Shares of most bitcoin miners who have shifted business plans to AI infrastructure fell after Nvidia announced a fresh $2 billion investment in CoreWeave.
- One analyst says Nvidia’s deepening partnership with CoreWeave could divert GPU access and funding away from independent miners trying to pivot into AI and high-performance computing.
- Core Scientific, which CoreWeave attempted, but failed, to acquire in 2025, is the only miner posting gains on Monday.
Top Stories
