Bitcoin price rise to $500k is inevitable, Winklevoss twins say

Home » Cryptocurrency News » Cryptocurrency News » Bitcoin price rise to $500k is inevitable, Winklevoss twins say Bitcoin price rise to $500k is inevitable, Winklevoss twins say October 23, 2020 They said that real adoption of the asset class “hasn’t even started.”
1839 Total views
17 Total shares
Gemini crypto exchange founders Tyler and Cameron Winklevoss said that Bitcoin (BTC) will eventually hit $500,000 per coin during a recent interview with podcast host Peter McCormack.
“The question in our mind is not so much does it get to $500,000, but how quickly,” Tyler told McCormack during the Oct.23 podcast episode.His thesis takes the market cap of gold and theoretical central bank allocation into consideration.“I would sort of contend that $500,000 Bitcoin is actually pretty conservative and the game hasn’t even really started,” Cameron noted.
MicroStrategy and others buying significant amounts of Bitcoin for their treasury reserves seems to indicate that the market is beginning to shift.

“What if every Fortune 100 or 500 company does that, what if central banks start doing that?” Cameron queried.“It hasn’t even started,” he added, analogizing that Bitcoin is in the bottom of the first in a nine-inning baseball game.
“Wall Street is not here yet.Institutions aren’t in Bitcoin right now.It’s been a retail phenomenon for the last decade.

So Wall Street talks about it, they’re aware of Bitcoin, but they’re not really in it from our perspective, but it’s starting to happen.”
The basis for the interview was a report from Tyler and Cameron published in August 2020, titled: The Case for $500K Bitcoin.The brothers began constructing the report in January 2020, Cameron said in the interview with McCormack.
“We started to think about what the government has been doing with the U.S.dollar for the past decade or so and traditional sort of stores of value and hedges,” Cameron explained.The twins halted work on the report in March when COVID gained a global foothold.

They resumed the paper several months later after evaluating the economic changes brought on by the virus.
Tyler said he and his brother began buying BTC in 2012.Part of the rationale for the report stemmed from evaluating the asset’s performance amid the surrounding economy over the past decade.
While a growing number of bullish predictions for Bitcoin surfaced throughout 2020, some have remained skeptical such as gold bug Peter Schiff.Share this: SBI Delists BCH and Keeps BSV Amid Major Crypto Exchanges Delisting BSV Japanese financial services giant SBI Holdings will delist bitcoin cash (BCH) from its virtual currency exchange in June 2019, Cointelegraph Japan reports on April 16.SBI Virtual Currencies has now officially announced its plans to delist bitcoin cash, while keeping support for bitcoin satoshi vision (BSV) — a cryptocurrency created from a hard fork of bitcoin cash.Bitcoin… Price Analysis 23/09: BTC, ETH, XRP, BCH, LTC, EOS, BNB, BSV, XLM, ADA The long-awaited launch of Bakkt has seen a lukewarm response as only 63 Bitcoin (BTC) contracts have been traded as of press time.This is not unexpected because Bitcoin has been range-bound for the past few weeks, hence, institutional traders will not be in a hurry to initiate positions.

They are likely to wait and… Bitcoin Price Bullrun May Last 1000 Days as 2020 Now Best Average Year Bitcoin (BTC) is worth more in 2020 than any other year it has existed — and historical data suggests that its price will continue climbing for another 19 months.Data uploaded to Twitter by fund partner James Todaro on Feb.21 reveals that in terms of volume-weighted average price, 2020 is Bitcoin’s best year ever.BTC volume-weighted… Blockchain-Based Smart City Project LImestone Plans for Token Listing A Singapore blockchain-based smart city project in the Cambodian capital wants to list its native token on a crypto exchange.

736 Total views 6 Total shares Limestone Network, a Singapore-based blockchain project for building smart cities, has announced on July 23 it will list its native token-LIMEX on Bitrue crypto exchange for trading.According to the… Qatar’s National Solarized Fintech Strategy Amid COVID-19 Pandemic The nation of Qatar is a World Bank “high-income economy,” backed by the world’s third-largest natural gas and oil reserves.It has the third-highest GDP per capita in the world (by purchasing power parity), with very high human development.

Similar to other Gulf Cooperation Council states — which also include the United Arab Emirates, Saudi… Cryptocurrency Cards: An Unnecessary Solution That Should Be Stopped Crypto cards have become a must-have for many crypto services.Hoping to reduce the risk of blocking transactions, companies have been looking again and again for reason why their customers should use “plastic.” But a crypto card is a placebo that does not solve the problems of either users or fintech companies — its only… Brave Browser Launches Encrypted Video Calls Before Zoom Brave has launched in-browser video calls featuring end-to-end encryption.3283 Total views 119 Total shares Brave, the privacy-centric cryptocurrency-powered web browser has launched in-browser video calls featuring end-to-end encryption.The encrypted video service, dubbed ‘Brave Together’ can be used to make unlimited encrypted video calls featuring two participants.

All Brave users can access the feature, with… ‘Democratic for All’: New Crypto Exchange Will Be ‘100 Percent Owned By Users’ A hybrid community-owned digital asset exchange is hoping to simplify trades and investments while driving down the cost of transactions.DAREX’s hybrid model enables users to trade utilities and securities – and the revenue generated from these transactions is subsequently shared with token holders.In time, the exchange hopes to become a “truly beneficial and democratic… Ethereum’s Core Dev Team Is Searching for a New Hard Fork Coordinator Ethereum’s (ETH) core developers discussed the need for a new hard fork — or network upgrade — coordinator during a core developer meeting on March 1.As Cointelegraph reported in February, Afri Schoeden, release manager at Ethereum infrastructure firm Parity Technologies, has quit all Ethereum projects after a controversial tweet that sparked outrage on social media.His… Leave a Reply You must be logged in to post a comment.Search.


Crypto 24 / 7 sources news from across the internet about various crypto currencies and reports the views to it user base. You can use this to make an informed decision when investing in your coin of preference

Leave a Reply