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- Well-known profit makers of the leading crypto coin, Tyler and Cameron Winklevoss recently spoke at the Singapore fintech festival on the 7th of December.
- During the event, they solidified their previous stance that the price of bitcoin will eventually reach $500,000 sometime in the future.
Well-known profit makers of the leading crypto coin, Tyler and Cameron Winklevoss recently spoke at the Singapore fintech festival on the 7th of December. During the event, they solidified their previous stance that the price of bitcoin will eventually reach $500,000 sometime in the future.
Obviously, this is a long shot estimate for many but the twins highlighted that the prediction comes on the back of the assumption that the market capitalisation for bitcoin will increase by 40 times to surpass that of gold.
Cameron went on to talk about the mass printing of Fiat currency going on following the coronavirus pandemic and the economic crisis that has ensued. With concerns surrounding inflation going up, demand is increasing for assets such as gold and bitcoin.
As a well-known advocate for the industry, Cameron went on to say that bitcoin provides a significant advantage over the precious-metal when it comes to being a monetary commodity.
Cameron went on to talk about start-ups in the industry saying:
“Apple started in a garage in Silicon Valley, I think Facebook started in a dorm room… you have to be careful that overhead is not so large that a lot of people can’t innovate in this space.”
Interestingly, Cameron went on to say that he thinks the industry is “just beginning“.Taylor added that people should educate themselves regarding the industry as adoption increases throughout the world.
“Pay attention to Bitcoin and crypto and educate yourself, because this is the greatest money and technological revolution since the Internet itself. It's not a fad, it's here to stay — and it will transform money, the Internet and so much of the world around you. And it's just starting.”
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