Gemini CEO and Bitcoin billionaire Tyler Winklevoss is telling investors that there will come a time when Bitcoin holders will not have to sell their BTC holdings, ever.
At the ongoing Bitcoin 2021 Conference in Miami, the co-founder of the crypto exchange says that Bitcoin is still in the early days despite its recent run above $60,000.
“We think Bitcoin is gold 2.0. It will disrupt gold so its market cap has to be $10 trillion or more because that’s the market cap of gold. Bitcoin’s hovering around $1 trillion now. We still think it’s at least conservatively a 10x from here.
Even at $35,000 it feels like a really good buying opportunity long term because we think at a $10 trillion dollar market cap, we think one Bitcoin will be worth $500,000 and we think that could happen inside this decade, definitely the next five years.”
Winklevoss highlights that once Bitcoin hits his price target, investors can