Bitcoin price will rise tenfold, Winklevoss twins tell Miami 2021 conference

Cameron and Tyler Winklevos, the pair of Olympic rowers who played in the Facebook movie “The Social Network” are using Bitcoin.

They are portrayed as snobbery rich villains in social networks, but Cameron and Tyler Winklevos are becoming the darlings of the digital underground.

The 39-year-old American twins co-founded a social network when they were studying at Harvard University. They later accused Facebook founder Mark Zuckerberg of stealing their ideas and are now big investors in Bitcoin.

The brothers were among the first to enter the cryptocurrency field and gave a speech at the 2021 Bitcoin Conference in Miami this weekend.

They appeared after they gave a keynote speech at the conference for the first time and told “dozens” of participants that Bitcoin was eight years in the future, when the price of each coin was about $150.

Its current value is approximately US$37,000, and the Winklevii family’s net assets have soared to US$6 billion.

Although cryptocurrency has been in recession for several months, The value of Bitcoin plummeted from its all-time high of $63,000 set in April, They are still optimistic about its future prospects.

In a fireside conversation with hedge fund founder Anthony Pompliano, the brothers showed an enthusiastic audience, because Tyler has repeatedly referred to the U.S. dollar as the “ultimate sh*tcoin” and Cameron showed a ” Rage Against The Machine” T-shirt.

But their prediction of the price of Bitcoin made the crowd really laugh.

“We still think it’s too early,” Taylor said. “We think Bitcoin is gold 2.0. It will disrupt gold, so its market value must reach 10 trillion U.S. dollars or more, because this is the market value of gold. Bitcoin is hovering around 1 trillion U.S. dollars, and we conservatively believe that it is at least It’s 10 times that here. Even at $35,000, this is a very good buying opportunity in the long run.

“At a market value of 10 trillion US dollars, we think that a bitcoin will be worth 500,000 US dollars, and we think this may happen within this decade. Definitely the next five years. We are HODLers until at least 500,000 US dollars.”

Due to their large holdings of Bitcoin, the twins have a clear interest in the viability of Bitcoin, not to mention their own cryptocurrency exchange Gemini, where they first presented their “Gold 2.0” paper last year.

“The paper is not really finished yet,” Cameron said Saturday. “We are like one-twelfth there. When we wrote this article in August (last year), the price of Bitcoin was $13,000, and (in April this year) it reached $64,000.”

“Our Gold 2.0 argument is that it disrupts gold, which is conservative,” Taylor added. “Obviously, Bitcoin is not just gold. This is an evolving open source project that can do more. It can become the world’s global reserve digital currency in the Milky Way. When we reach Mars, the currency on Mars is What? It won’t be US dollars, it won’t be Bitcoin.”

Taylor believes that Bitcoin soared during the epidemic because investors responded to the risk of inflation caused by the government’s investment of trillions of dollars to maintain economic vitality.

“Bitcoin is the best inflation hedging tool in the world. It is the hardest and most robust currency… So all those who call Bitcoin a fraud and are skeptical and say,’I’m not a real technician, I don’t understand ‘People’, they saw what happened in the fiat currency system, the dollar, (this is) the ultimate rubbish coin,” he said. “Bitcoin has trillions of dollars in advertising. The Federal Reserve is the biggest advocate.”

“We hope we buy early, we hope we buy more, everyone says no matter how much you have,” Taylor added. “We look back today and say,’We want us to buy it at a price of $35,000.'”

The financial world is still not enthusiastic about cryptocurrency as an investment method. Including Scott “barefoot investor” Papp, who strongly warned of it.

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About the Author: Agnes Zang