Winklevoss twins on their bitcoin bet: 'Money is the oldest social network'

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Cameron and Tyler Winklevoss sat down with CNN Business to discuss their crypto exchange, Gemini, and plans for their recently launched mobile app

"Money is the oldest social network and arguably the strongest," Cameron Winklevoss told CNN Business at SXSW in Austin."And crypto is one of the strongest networks of value ever in the world and will continue to be so, so hopefully [we'll be] pioneers in that space to some extent.

But he called the space"a scary, wild, wild west type situation" when they first got into it in 2012. At the time, a bitcoin was only valued at $8."We've tried to solve that problem by creating Gemini, which allows you to engage with crypto in a regulated compliant trusted way," Tyler Winklevoss said.

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