The Bitcoin Brothers – In the world of cryptocurrencies, there are many sometimes bold and enthusiastic predictions for thefuture of BTC. From visionariesTHE famous Winklevoss twinsTyler and Cameron, remain convinced that Bitcoin is one of the best investments of the decade. They even see the king of cryptos reaching $500,000 within a few years.
Tyler and Cameron Winklevoss: the first billionaire bitcoiners
To understand this prediction, let’s go back a few years. Tyler and Cameron Winklevoss have discovered Bitcoin by chance in 2012 when they were on vacation in Ibiza.
Intrigued by cryptocurrency, they did extensive research which allowed them to understand the potential of bitcoin. They invested when it was only $10. A early investment which allowed them to gobble up many BTCs. They are then considered one of the most important bitcoin whales with an estimated net worth of $1.2 billion each.
Despite losing a large amount of BTC in the bankruptcy of Mt. Goxthe twins persevered by founding their own exchange platform, Geminiand by working, despite the obstacles, with American regulation.
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Bitcoin for all the gold in the world
It is therefore at the microphone of The National News, that the Winklevoss brothers explained that their conviction is based on the revolutionary and technical properties of Bitcoin. They consider that BTC has all the characteristics that make the value of gold, if not surpass it.
In terms of valuation, they estimate that if bitcoin succeeds in destabilizing gold and reaching gold’s market capitalization, then a single bitcoin will be worth $500,000. An estimate in correlation with the American banking giant JP Morgan who sees Bitcoin at $45,000 thanks to gold.
Note on the sidelines that this prediction is part of a particular context for the twins who are in the midst of a legal battle in the United States, affected by the year 2022 and threatened by the SEC offensive. The prodigal sons of the country of Uncle Sam even considering exile.
To see the state of cryptocurrency prices at the moment, such predictions can make you smile. From another point of view, this projection suggests the arrival of a more positive cycle, of course, despite many factors that call for caution. The Winklevoss brothers aren’t the only ones seeing thebig future for bitcoinArthur Hayes does not mince his words since he predicts “explosion” for BTC price in 2024.
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