URGENT: JUST 7 DAYS REMAIN TO HELP SAVE INDEPENDENT MEDIA & ANR, SO LET'S CUT THE BS & GET TO THE POINT - WE WILL BE FORCED LAY OFF STAFF & REDUCE OPERATIONS UNLESS WE ARE FULLY FUNDED WITHIN THE NEXT 2 WEEKS - Sadly, less than 0.5% of readers currently donate or subscribe to us But YOU can easily change that. Imagine the impact we'd make if 3 in 10 readers supported us today. To start with we’d remove this annoying banner as we could fight for a full year...

Enter email to get Free News Emails

Winklevoss twins say bitcoin will soar to $500,000 and surpass gold as a store of value

Facebook
Twitter
LinkedIn
Pinterest
WhatsApp
Telegram

For just $2 per week

AUSTRALIAN NATIONAL REVIEW NEWS SUBSCRIPTION

Join now and receive a free 12-month Subscription to
TruthMed worth $495 USD for free

Opinion pieces don’t necessarily reflect the position of our news site but of our Opinion writers.

[cs_con]

You are not authorized to access this content

Subscribe now for access articles

Winklevoss twins say bitcoin will soar to $500,000 and surpass gold as a store of value.

By EMILY GRAFFEO

  • Tyler and Cameron Winklevoss told CNBC on Monday that bitcoin will skyrocket to $500,000 within the next decade and surpass gold as a store of value.
  • “Our thesis is that bitcoin is gold 2.0, that it will disrupt gold, and if it does that, it has to have a market cap of 9 trillion, so we think it could price one day at $500,000 of bitcoin,” Tyler Winklevoss said.
  • The cofounders of Gemini explained that Bitcoin is a better store of value than gold and offers higher returns.
  • Bitcoin climbed to a new record high today, bringing its year-to-date gain to 177%.

Tyler and Cameron Winklevoss told CNBC that bitcoin will skyrocket to $500,000 within the next decade as it surpasses gold as a store of value.

The cofounders of Gemini appeared on CNBC shortly before bitcoin jumped 8.7% to a record high on Monday. The coin now trades at over $19,000, but the Winklevoss’s said bitcoin still has a long way to run.

“Our thesis is that bitcoin is gold 2.0, that it will disrupt gold, and if it does that, it has to have a market cap of 9 trillion, so we think it could price one day at $500,000 of bitcoin,” Tyler Winklevoss said. “So at $18,000 bitcoin, it’s a hold or at least if you don’t have any, it’s a buy opportunity because we think there’s a 25x from here.”

As of Monday, Bitcoin has surged over 177% year-to-date. Cameron Winklevoss explained that the surge is due to an increasing number of investors realizing that bitcoin is the best defense against inflation. While gold has historically been the go-to inflation hedge, bitcoin offers a much higher return, he said.

“A lot of people are realizing that bitcoin is the best defense and offers the opportunity for an asymmetric return of something like 25 to 40x from here, and I don’t think there’s an asset in the universe that can credibly offer that kind of potential and protect against inflation,” said Cameron Winklevoss.

The brothers added that bitcoin is an emergent store of value and doesn’t need to be a ubiquitous medium of exchange to continue to grow. Tyler Winklevoss explained that “no one uses gold to buy coffee,” and yet the precious metal has a market capitalization of $9 trillion because investors use it as a store of value. Bitcoin will grow to be a better store of value, particularly because it’s more durable and easier to transport than gold, the investor said.

If bitcoin can also be used as a currency, which isn’t off the table, it could surge even higher than $500,000, said Tyler Winklevoss.

Back in August, he wrote a blog post titled “The Case for $500k Bitcoin,” where he explained that bitcoin is ultimately the only long-term protection against inflation because there are fundamental problems with gold, oil, and the US dollar as stores of value.

Opinion pieces don’t necessarily reflect the position of our news site but of our Opinion writers.

*Note We Deliberately Miss Spell Some Words or Add Capital Letters To Get Around Big Tech Censoring.

Support the ANR from as little as $8 – it only takes a minute. If you can, please consider supporting us with a regular amount each month. Thank you.

Facebook
Twitter
LinkedIn
Pinterest
WhatsApp
Telegram

Related News

AUSTRALIAN NATIONAL REVIEW NEWS SUBSCRIPTION

Join now and receive a free 12-month Subscription to
TruthMed worth $495 USD for free

Subscribe for free to our ANR news emails and access 2 free ebooks plus Reports to share with family and friends about Covid fraud and the danger of the vaccines.

Help us help defend free speech and save democracy from the World Economic Forum planned Totalitarian Great Reset.

and help us expose the Covid Fraudsters

Leave a Reply

Your email address will not be published. Required fields are marked *

We will expose the Covid Crimes of our Governments. Will you help us ?

Play Video

McIntyre Report
Political Talk Show

Episode 161

Episode 161

Get our free News Emails on latest articles, alerts and solutions for both legal templates and ways to help fight back against the Globalists vax Mandates , and health resources to boost your immune system and ways to Protect from deadly EMF 5G radiation and more.

FREE E-BOOKS AND REPORTS ALSO

Documentary: Died Suddenly (2022)

How you can advertise on Truthbook.social

Help us help defend free speech and save democracy from the World Economic Forum planned Totalitarian Great Reset.

and help us expose the Covid Fraudsters

Ukraine. Military Summary And Analysis 23.01.2023

Raw Report

Ryan Jackson Saw show

in USD

in AUD

in GBP

in CAD

Jamie McIntyre

ANR on

Currency Exchange Rates in AUD

Live and updated every minute of the day

Nurses Speak Out

ANR Meme Report

with Nadine Roberts

Episode 002

21st Century Political System

Play Video

Editor's Pick

Thank you for visiting the
Australian National Review

To continue accessing more articles for free simply enter your email address

Watch Full Documentary

URGENT: JUST 7 DAYS REMAIN TO HELP SAVE INDEPENDENT MEDIA & ANR, SO LET'S CUT THE BS & GET TO THE POINT - WE WILL BE FORCED LAY OFF STAFF & REDUCE OPERATIONS UNLESS WE ARE FULLY FUNDED WITHIN THE NEXT 2 WEEKS

Sadly, less than 0.5% of readers currently donate or subscribe to us But YOU can easily change that. Imagine the impact we'd make if 3 in 10 readers supported us today. To start with we’d remove this annoying banner as we could fight for a full year...

Get access to TruthMed- how to save your family and friends that have been vaxx with vaccine detox, & how the Unvaxxed can prevent spike protein infection from the jabbed.

Free with ANR Subscription from $8

Download the Full PDF - THE COVID-19 FRAUD & WAR ON HUMANITY