Cameron and Tyler Winklevoss, co-founders of the US-based Gemini exchange and Winklevoss Capital, predict Bitcoin’s price (BTC).
The Winklevoss twins Called bitcoin a store of value and described the features that make it intriguing while also allowing it to expand as a store of value. They also refer to bitcoin as Gold 2.0, claiming that it is a superior version of gold. They went on to note that Covid accelerated the narrative in many ways for a variety of businesses, but particularly the narrative about the US dollar’s depreciation and how to defend against it.
Next catalyst for Bitcoin Price Rally?
According to them, the next trigger for Bitcoin is time. But, while addressing one item and factor that is pretty interesting for them is that firms are putting Bitcoin on their balance sheet because they are undoubtedly worried about inflation while giving examples of Tesla and Square.
He went on to note that while there are 40000 publicly traded firms, only about 32 have Bitcoin on their balance sheet, with the expectation that this number will rise.
They predicted that 32 would not return to zero, but would instead reach a value of 100 or 1000. They also believe that, in the end, the central bank will include Bitcoin in its balance sheet.
In their closing remarks, they predicted that Bitcoin would reach $500k in the following decade. He backed up a statement he and his twin brother made, stating that BTC price may reach $500,000 in the next few years. Over time, the two stated, Bitcoin is more likely to be a superior investment than gold. Bitcoin is “ultimately the only long-term protection against inflation,” according to the Winklevoss twins, who argue for its continuous price appreciation.