Cameron Winklevoss, one of the Winklevoss twins who are the world’s first Bitcoin billionaires, expects Bitcoin to gain another 2000% in the coming years, Bloomberg reports.
For those of you who don't know, the Winklevoss twins have recently become the world’s first Bitcoin billionaires. In 2013, they bought 1% of the Bitcoins that existed back then. They did it at $120 per BTC and spent 11 million dollars on the deal. Even though the twins haven’t commented on their fortune so far, The Telegraph claims that when Bitcoin peaked at over $18K, their Bitcoin fortune was roughly estimated at 1,7 billion dollars. Therefore, they have become the world’s first Bitcoin billionaires if to measure their fortune in USD.
Cameron Winklevoss made his prediction based on comparing Bitcoin to gold. He says that digital currencies are way more liquid than gold, and that's why he is convinced that Bitcoin is going to beat gold in terms of market cap one day. By the way, the global gold market is currently estimated at 6 to 7,5 trillion dollars! That’s why the twins are not going to sell their Bitcoin stack in the near future.
They were not intimidated by the recent crash down to 14380 USD/BTC shortly after Bitcoin peaked above 18000 USD/BTC a couple of days ago. They understand that digital currencies have always been rather volatile but the twins firmly believe that the long-term bias is still bullish, and that’s why they have nothing to afraid of. In November alone Bitcoin gained 140%.
So, the twins have been calm and relaxed, which lead some experts to believe that they have some kind of insider information. Previously we told you that some members of the international expert community believe that around 1000 people own around 40% of the entire Bitcoin stack and they have been colluding to move the price in any direction they want.
