The Winklevoss Twins, famous Bitcoin billionaires, claim that Bitcoin has “potential appreciation” of thirty to forty times its current value. This was said during a CNBC interview on Wednesday, 7th February.
$5 trillion market cap?
That would suggest the Bitcoin’s future market cap at well over $5 trillion according to the Brothers. This prediction was made based on a 10-20 years outlook, according to CNBC.
This confirms another prediction by Ran Neuner of the CNBC, we mentioned recently.
Winklevoss also commented on the recent cryptocurrency criticism by the J.P. Morgan representatives at the World Economic Forum in Davos, US.
“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,”
Tyler Winklevoss also added:
“the criticisms are just a failure of the imagination.”
We couldn’t agree more.