Bitcoin Price To Hit $500,000 If It Overtakes Gold, Winklevoss Predicts
Gemini co-founder and Bitcoin billionaire Tyler Winklevoss believes the benchmark cryptocurrency will reach $500,000 after it overtakes gold as the world's major safe-haven asset.
In an article on the Winklevoss Capital blog, the billionaire said Bitcoin, which has a $200 billion market cap, could easily go "45x" after it displaces gold, which has a $9 trillion market cap, as the major store of value. This would happen after Bitcoin overtakes the three other major stores of value for the longest time -- gold, oil, and the U.S. dollar.
Copying/Pasting full or partial texts without adding anything original is frowned upon by the community. Repeated copy/paste posts could be considered spam. Spam is discouraged by the community and may result in the account being Blacklisted.