Twin Winklevoss: Bitcoin market value may reach $ 4 trillion

bitcoin has the potential to rise to around 4000 percent in the coming decades, which will enable the leading currency to achieve a market value of $ 4 trillion.

According to the long-standing giants of the bitcoin, Cameron and Tyler Wincliffe, who invested $ 120 in the bitcoin and were the first to make billions of them, the market value of bitcoin could reach $ 4 trillion. As long as the twins compared the bitcoin to gold, they expected that these digital assets would conflict with the precious yellow metal. Cameron Winklevoss also said that the recent drop in prices of Bitcoin did not push him to change his optimistic outlook. Winklefos told a CNBC-supported forum at the Middle East and North Africa Economic Summit held at the Milken Institute on Wednesday:

"If we take the bitcoin apart from the gold ... we will see that it is a clash on the yellow metal. We believe that it is better than gold if you follow its financial characteristics. What makes gold a precious metal? The answer, of course, is scarcity. Since the quantity of bitcoin has already been determined, the limit is better than scarcity. It is also easy to navigate and replace and is more durable. And all these qualities make them better than gold "

Based on this assessment, he added that the bitcoin case may end with a similar market capitalization of gold, currently valued at $ 7 trillion. It is also expected that bitcoin has a potential appreciation of 30 to 40 times higher, which may set the price of bitcoin at $ 0.320 as this will make the market value at least $ 4 trillion. This is what made the recent patchwork of Bitcoin, according to Winklevoss, an attractive buying opportunity.

"If you look at $ 100 billion in market value today, which last week may have been more than $ 200 billion, that would actually make it a buying opportunity. We think there is a possibility of a 30 to 40-fold increase because when you look at the gold market today you will find it still at $ 7 trillion. Many people have begun to realize this. They have identified the characteristics of the reserve value and therefore we see that despite the price movements in the past few weeks, they still represent assets that have not been sufficiently appreciated after "