If the famous Bitcoin billionaires, the Winklevoss twins, are to be proven correct, Bitcoin just may have “potential appreciation” of as much as thirty to forty times its current value.
This was their bold prediction in a recent interview with CNBC. At the time, the market capitalization of Bitcoin was at $140 bln, which would then make the twins’ estimate to actually be at $5 trln. How far along in the future is this likely to happen? According to the twins, it should be in a matter of but 10 to 20 years.
Meanwhile, asked for their response to the recent criticisms hurled by J.P. Morgan officials towards Bitcoin at the World Economic Forum (WEF) in Davos, Tyler Winklevoss had this to say:
“Cryptocurrencies aren’t really important for human-to-human transactions… but when machines-to-machines trade economic value, they are going to plug into protocols like bitcoin and ethereum. They are not going to open bank accounts at J.P. Morgan… those were invented by bankers before the internet existed.”
Also, “Criticisms are just a failure of the imagination,” he said.