Is it too late to invest in Bitcoin (BTC)? Or is it still worth buying the leading cryptocurrency? The Winklevoss twins believe that Bitcoin remains one of the best investments of this decade. According to their predictions, Bitcoin will exceed $ 500,000. So what’s the logic behind these predictions?
Winklevoss twins have been investing in Bitcoin for 11 years
According to their own statements, Tyler and Cameron Winklevoss accidentally discovered Bitcoin in 2012 while on summer vacation in Ibiza. The two Americans then began to explore the cryptocurrency further. They quickly realized that BTC had a chance to become the money of the internet and solve the myriad problems of the current financial system.
Gemini first invested in BTC when the price was below $10. As such, there is speculation that they are among the biggest Bitcoin whales. Also, the net worth of Tyler and Cameron Winklevoss is each estimated to be around $1.2 billion. The largest cryptocurrency exchange at the time, Mt. They lost a lot of BTC in Gox’s downfall. Later, they founded their own crypto exchange Gemini. The exchange, meanwhile, ranks 16th in the ranking of the best crypto exchanges.
However, the Winklevoss twins haven’t given up in the current crypto winter. They continue their long-term bullish momentum in BTC. They also stick to their predictions that Bitcoin will continue to be the best investment of this decade. So how did the two billionaires arrive at this assumption?
Claims: Leading cryptocurrency will rise to at least $ 500,000!
cryptocoin.com As we reported, the twins gave an interview to The National News recently. In this interview, they explained why they are convinced of the future of cryptocurrency. The main reason for this is Bitcoin’s revolutionary and technical characteristics as well as its potential to act as a store of value similar to gold. In addition, cryptocurrency has other advantages, primarily programmability. This is why the Winklevoss brothers believe that Bitcoin could even replace the precious metal in the long run. In this context, Tyler Winklevoss says:
If you look at the features that make gold valuable, Bitcoin fits or does every single feature. Bitcoin’s story of beating gold is very strong. we believe that
Tyler Winklevoss explains his rationale for the $500,000 price:
If you do the math, if you take into account the supply of 21 million Bitcoins, the market value of gold, let’s say 10 trillion dollars, maybe 11 [trilyon] dollar, that puts one Bitcoin (if it spoils the gold and gets that market value) at $500,000.
The two brothers do not want to give specific investment tips. After all, it’s hard to time the market exactly. But Cameron Winklevoss explains that the strategy they use is often the simplest: HODL. Generally speaking, if you think of Bitcoin as a store of value investment, this strategy is HODL. [hold on for dear life] strategy. In the same way you HODL gold. It is a long-term buy and hold investment. According to the two brothers, it is difficult to predict when the Bitcoin price will reach $500,000. But they predict that BTC will reach the milestone in ten years.
Contact us to be instantly informed about the last minute developments. twitter‘in, Facebookin and InstagramFollow and Telegram And YouTube join our channel!
Risk Disclosure: The articles and articles on Kriptokoin.com do not constitute investment advice. Bitcoin and cryptocurrencies are high-risk assets, and you should do your due diligence and do your own research before investing in these currencies. You can lose some or all of your money by investing in Bitcoin and cryptocurrencies. Remember that your transfers and transactions are at your own risk and any losses that may occur are your responsibility. Cryptokoin.com does not recommend buying or selling any cryptocurrencies or digital assets, nor is Kriptokoin.com an investment advisor. For this reason, Kriptokoin.com and the authors of the articles on the site cannot be held responsible for your investment decisions. Readers should do their own research before taking any action regarding the company, assets or services in this article.
Disclaimer: Advertisements on Kriptokoin.com are carried out through third-party advertising channels. In addition, Kriptokoin.com also includes sponsored articles and press releases on its site. For this reason, advertising links directed from Kriptokoin.com are on the site completely independent of Kriptokoin.com’s approval, and visits and pop-ups directed by advertising links are the responsibility of the user. The advertisements on Kriptokoin.com and the pages directed by the links in the sponsored articles do not bind Kriptokoin.com in any way.
Warning: Citing the news content of Kriptokoin.com and quoting by giving a link is subject to the permission of Kriptokoin.com. No content on the site can be copied, reproduced or published on any platform without permission. Legal action will be taken against those who use the code, design, text, graphics and all other content of Kriptokoin.com in violation of intellectual property law and relevant legislation.