Bitcoin has always been supported by the Winklevoss Twins. Both Cameron and Tyler have made serious names for themselves in the crypto world by becoming some of the globe’s first crypto billionaires and by establishing their own digital currency exchange in New York known as Gemini. It was one of the first companies to garner a BitLicense, thereby establishing its ability to delve in crypto services in the Big Apple.
The Winklevoss Twins Have Always Had BTC’s Back
Now, the Winklevoss Twins have emerged to talk further about bitcoin. They are confident that right now, at $19,000, bitcoin is still not done with the monster bull run it’s been experiencing. In fact, they’re confident that in the coming years, that price could grow 30 times higher.
Let’s do the math. Let’s round bitcoin to an even $19,100 just to make things easier. This is pretty darn close to where it is at the time of writing. Multiply that by 30, and what have you got? One unit of the cryptocurrency is worth approximately $573,000. That’s huge considering at one point, the asset cost a nickel.
In addition, both men believe that the technology behind bitcoin – known as blockchain – is set to become far more mainstream in the future. They are confident that more blockchain-based purchases will occur in the coming years. They also commented that the way the Federal Reserve handles money is done for, and that blockchain will become the ultimate safety tool.
In a recent interview, Cameron explained:
We are just not going to run away with your bitcoin. It just does not make sense for us to do that. The mainland is legacy finance, while crypto is an island. We want to see an inversion where crypto becomes the mainland and legacy finance is just this dinosaur that is slowly fading away.
Tyler also put his two cents in, claiming that bitcoin was the start of something huge. He says that multiple items, from various collectibles to company data, are now being placed on the blockchain for safe keeping, and he thinks the day is coming when blockchain replaces all over-the-counter purchases and trades.
Blockchain To Be Used So Much More?
Bitcoin was the first internet money in the world. Then, when you realize that money is the greatest social network of all, bitcoin is maybe the greatest social network of all also… The comic books you grew up reading, the baseball cards you collected, those are now being put on a blockchain because people are starting to realize their physical nature is not a feature. It is a bug. It is not about the physical nature. It is the scarcity. It is the uniqueness.
They further stated that bitcoin is likely to replace gold one day given what a financial disruptor it has become.