As Bitcoin surges to its all-time high recently, Winklevoss twins have made their extremely bullish predictions. They believe that Bitcoin is back on track and it will be able to reach $500k in the next 10 years. They are hoping that Bitcoin will be able to surpass gold when it comes to assets being the store of value in the coming years.
Bitcoin can surpass its previous all-time high and is leading to reach the $20k level. It had gained more than 175%, so far in 2020. Besides, the Winklevoss twins believe Bitcoin to be the ultimate store of value that is having the capability to defend against inflation.
Winklevoss twins have made these remarks and bullish predictions about Bitcoin in their recent interview with CNBC on Monday, November 30, 2020. According to them, Bitcoin is the new gold or what they say, “Gold 2.0” which is having a huge potential to disrupt gold. In order to surpass Gold, Bitcoin needs to have a market capitalization of around $9 trillion which might be possible in the next 10 years. This is because they believe that the Bitcoin price will reach $500k in this decade.
Tyler Winklevoss stated:
“So at $18,000 Bitcoin, it's a hold, or at least if you don't have any, it's a buying opportunity because we think there's a 25x from here.”
It is not only the Winklevoss twins who are bullish about Bitcoin performance, other industry players are looking from the same perspective. Sergey Nazarov, the co-founder of Chainlink, has said that anyone who is seeking shelter from inflation and increased central bank money printing, can easily count on Bitcoin for rescue. Bitcoin has proven to be a safe haven during a time of crisis.