Bitcoin price BOOST: CEO says cryptocurrency will be worth 40 TIMES its current value | #VentureCanvas

bitcoin price boost ceo says cryptocurrency will be worth 40 times its current value venturecanvas

Bitcoin price BOOST: CEO says cryptocurrency will be worth 40 TIMES its current value | #VentureCanvas

Bitcoin had a market evaluation of $135 billion on Wednesday, according to CoinDesk data, after its price recovered from the plunge of the last few weeks.

Cameron Winklevoss, CEO of Gemini Exchange, claimed the cryptocurrency will be worth 40 times its current value.

Speaking on CNBC, Mr Winklevoss said: “Taking bitcoin in isolation, putting all the other assets aside, we believe bitcoin disrupts gold.

“We think it’s a better gold if you look at the properties of money. And what makes gold gold? Scarcity.

“Bitcoin is actually fixed in supply so it’s better than scarce and gold. It’s more portable, it’s fungible, it’s more durable.

“It sort of equals a better gold across the board.

“So if you look at a $100billion market cap today, now last week it might have been more like 200, so it’s actually a buying opportunity, we think that there’s a potential appreciation of 30 to 40 times because you look at the gold market today, it’s a $7trillion market.

“And so a lot of people are starting to see that, they recognise the store of value properties.

“So we think regardless of the price moves in the last few weeks, it’s still a very under appreciated asset.”

According to Mr Winklevoss’ calculation, bitcoin could reach the value of $5trillion in 10 to 20 years time, taking its current market capitalisation of $135billion.

But even at the lower $100billion market cap, a 40 times price appreciation would skyrocket the cryptocurrency’s value to $4trillion.

According to CoinDesk at 9:55 pm on February 7, bitcoin price is $8,114.39. At the same time, its competitors ethereum and Ripple are respectively priced $817.04 and $0.76.

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Harga Bitcoin BOOST: CEO mengatakan cryptocurrency akan bernilai 40 kali nilai saat ini | #VentureCanvas

Bitcoin memiliki penilaian pasar $135 milliar pada hari Rabu, menurut CoinDesk data, setelah harga pulih dari risiko dari beberapa minggu terakhir.

Cameron Winklevoss, CEO Gemini pertukaran, mengklaim bahwa cryptocurrency akan bernilai 40 kali nilainya saat ini.

Berbicara di CNBC, Mr Winklevoss mengatakan: "mengambil bitcoin di isolasi, mengesampingkan semua aset lainnya, kami percaya bitcoin mengganggu emas

"Kami berpikir itu adalah emas lebih baik jika Anda melihat properti uang. Dan apa yang membuat emas emas? Kelangkaan.

"Bitcoin adalah benar-benar tetap pasokan sehingga lebih baik daripada langka dan emas. Lebih portabel, itu fungible, lebih tahan lama.

"Ini semacam sama dengan emas lebih baik di seluruh papan.

"Jadi jika Anda melihat kapitalisasi pasar $100billion hari ini, sekarang pekan itu mungkin lebih seperti 200, sehingga benar-benar kesempatan membeli, kita berpikir bahwa ada apresiasi yang potensial dari 30 sampai 40 kali karena Anda melihat pasar emas hari ini , ini adalah pasar $7trillion.

"Dan begitu banyak orang mulai melihat bahwa, mereka mengakui toko nilai properti.

"Jadi kita berpikir terlepas dari harga bergerak di beberapa minggu terakhir, ini masih sangat di bawah aset dihargai."

Menurut perhitungan Mr Winklevoss, bitcoin bisa mencapai nilai $5trillion dalam waktu 10 sampai 20 tahun, mengambil kapitalisasi pasar yang saat ini $135billion.

Tetapi bahkan lebih rendah $100billion pasar Cap, 40 kali apresiasi harga akan meroket nilai cryptocurrency untuk $4trillion.

Menurut CoinDesk di 9:55 pm pada tanggal 7 Februari, bitcoin harga adalah $8,114.39. Pada saat yang sama, dengan pesaing ethereum dan riak masing-masing harga $817.04 dan $0,76.