Tylerand Cameron #Winklevoss, the founders of the large US based cryptocurrency exchange #Gemini recently commented on his long-term expectations of Bitcoin’s price action. He doubled down on a prediction that he and his twin brother made, which states that BTC could hit $500,000 in the years ahead.
He further expansion that Bitcoin is better investment than gold, even Bitcoin could surpass the Gold Market Cap.
“Bitcoin has already made significant ground on gold — going from whitepaper to over $200 billion in market capitalization in under a decade. Today, the market capitalization of above-ground gold is conservatively $9 trillion.
If we are right about using a gold framework to value BTC, and BTC continues on this path, then the bull case scenario for bitcoin is that it is undervalued by a multiple of 45. Said differently, the price of #BTC could appreciate 45x from where it is today, which means we could see a price of $500,000 U.S. dollars per BTC.”
Thanking you !
#bitcoin #cryptocurrency #blockchain
