Bitcoin Value Predicted To Break In The $ 328,000 Range - In the future
Steemers, Recently, Cameron Winklevoss has issued an appealing statement about Bitcoin's future value movements. According to him, this cryptocurrency will grow to 40 times more than its current value.
"The scarcity makes gold worthwhile, with its limited stock, plus a fixed number (20 million), making Bitcoin better than gold from the (limited) side," he said.
"With a market capitalization of over USD 100 billion, we estimate there is a potential to grow by about 30 to 40 times, considering that gold has a market of up to USD 7 trillion," he added.
Cameron also said that many people are already glancing at Bitcoin, so they will realize its value. "Seeing the value now, this asset is still priced very low," he said.
Although he did not provide detailed lines of growth in value to 40 times, Cameron estimates that it can happen within the next 10 to 20 years.
Now, based on data from CoinDesk, 1 BTC itself is in the range of USD 8,200, with a market capitalization of USD 139 billion.
Means, if it is true that cryptocurrency can grow up to 40 times, Bitcoin's price will be equivalent to USD 328,000, with market capitalization reaching USD 5.5 trillion.
Predicted figures from such market capitalization have the potential to continue to grow, considering there are still more than 3 million Bitcoins available.
Tyler Winklevoss also supports the words of his twin brother, by presenting a different perspective.
"Criticism that leads to Bitcoin is only done by people who fail to imagine," he said.
"Maybe cryptocurrency is not really important in transactions between people, but the story is different when it comes to the exchange of economic value between machines," he added.
Cameron Winklevoss and Tyler Winklevoss itself is known as one of the richest Bitcoin skiers in the world to date. Based on data from Forbes as of February 6, 2018, their fortune through their cryptocurrency assets is in the range of USD 900 million to USD 1.1 billion.
Indeed at the beginning of this year bitcoin prices had fallen far since climbing high at the end of last year. This happens due to several incidents such as crypto theft in the stock of Japanese cryptocurency and regulations imposed by some countries to suppress the use of bitcoin.
However, this does not make the crypto lovers and investors despair. And can be seen today in the market kriptokurensi market, where the price of virtual currency (bitcoin) back uphill.
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Article: detik.com
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