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Winklevoss Urges Rotation Into Bitcoin, Zcash as South Korea's Kospi Drops 10.84% on Tuesday

Market Analysis Stocks Indices

2026-07-28 16:57:12

BTC-1.80%

ZEC-3.54%

Samsung Electronics-13.38%

SK Hynix-14.64%

According to Gemini co-founder Cameron Winklevoss, on Tuesday, July 28, the AI trade is over, and investors should rotate into Bitcoin (BTC) and Zcash (ZEC) as a safe haven. The call came as South Korea's Kospi index closed down 10.84% to 6,023.66, with Samsung Electronics falling 13.4% and SK Hynix dropping 14.7%. The selloff was driven by China-specific catalysts, including a 466% debut gain for domestic DRAM maker CXMT on Monday and reports of Chinese state-backed firms producing advanced DUV lithography machines.

Disclaimer: The information on this page may come from third-party sources and is for reference only. It does not represent the views or opinions of Gate and does not constitute any financial, investment, or legal advice. Virtual asset trading involves high risk. Please do not rely solely on the information on this page when making decisions. For details, see the Disclaimer.

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