Gemini co-founder and long-time bitcoin supporter Cameron Winklevoss recommended Iranians buy BTC after the country’s government urged its citizens to invest in oil.
According to a report by Bloomberg August 12, Iranian President Hassan Rouhani recommended during a televised cabinet meeting that citizens should put their money into oil shares rather than US dollars or gold.
According to the report, Iran plans to enable members of the public to invest in oil on its capital markets for the first time, as the government seeks ways to strengthen its economy amidst ongoing US sanctions and the effects of the coronavirus pandemic.
Rouhani told his cabinet,
The stock market and oil — not gold and the dollar — are the places to be investing and we want to help people this way.
Bitcoin billionaire Cameron Winklevoss took to Twitter later in the day to recommend an alternative for the Iranian public. Rather than investing in oil shares, whose prices have been pummeled and slow to recover throughout the year, Winklevoss advocated for the public to look to bitcoin.
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