Winklevoss Capital Partner Sterling Witzke: Dollar Is Not Designed for the Internet, but Stablecoins Are

Sterling Witzke has been working at Winklevoss Capital - a venture capital firm set up by the famous Winklevoss twins - for five years now.

Clarity is always good for an ecosystemAna Berman: How do you think, what will 2019 bring in terms of regulation? The question is related to the ads that Gemini recently launched, which said, in particular, "Crypto needs rules." Don't you think it undermines the whole idea of decentralization?

People tend to think of the space as moving at lightning speed, but the underlying development doesn't move that fast.

Do you think it is a relevant description of what's going on?

Do you think it was a necessary process - let's say, a sign of development?

You could maybe argue that this is an overly healthy correction, but I think that a healthy correction was 100 percent necessary.

Again, the people that are left truly believe in an ecosystem and think of Bitcoin as a store of value rather than a speculative asset.

On the blockchain side of things, we think about investing very similarly.

If you think about 2 billion people coming online, not a single existing protocol can handle that.

If you think about developers, they've been operating digital economies for a decade.