Famous CEO Announces: Bitcoin Could Be $ 500,000
Although the leading cryptocurrency Bitcoin is still stuck below the $ 12,000 level, the brothers Tyler and Cameron Winklevoss, co-founders of the Gemini cryptocurrency exchange, think BTC may reach $ 500,000. According to the Winklevoss brothers, Bitcoin has a good chance of reaching $ 500,000, and we can see that soon.
In their post published on August 27, the Winklevoss brothers stated that Bitcoin will be positively affected by the inflation of fiat currencies, especially in recent months, and they have a very interesting theory for Gold. The Winklevoss twins think tech companies like Tesla will benefit from asteroids by mining Gold.
Gold Price Will Fall, Bitcoin Will Set A Record
According to the twins, Gold will be mined through astronauts, and this will suddenly reduce the price of Gold, which has limited supply, to a record. Emphasizing that Bitcoin will never have more supply, the famous founders are assertive that Bitcoin will easily go up to $ 500,000.
Tyler Winklevoss also stated in his separate post that the US dollar is no longer a reliable asset custody tool.
— Tyler Winklevoss (@tylerwinklevoss) August 27, 2020
The fact that Bitcoin has not even seen the $ 20,000 record again suggests that it is almost impossible to reach the $ 500,000 level again. Of course, when it comes to BTC, it is known that any price change is possible.