The biggest names in BTC [BTC] $BTC reaffirmed their belief in a wave of adoption and a sky-high BTC [BTC] $BTC price January 7, forecasting it to pass that of gold.
bitcoin ‘Certainly OG Crypto’
On social media, entrepreneur and Proof of Keys organizer Trace Mayer joined Tyler and Cameron Winklevoss in contemplating a bullish future for BTC [BTC] $BTC.
Since launching regulated US cryptocurrency exchange and trading platform Gemini, the Winklevoss twins have huge amounts on BTC [BTC] $BTC’s success, despite opening up trading of larger market cap altcoins.
“bitcoin is certainly the OG crypto! It’s hard to defeat network effects — so in terms of ‘hard money’ (i.e., store of value) BTC [BTC] $BTC is most likely the winner in the long term,” Cameron Winklevoss said during the pair’s Monday.
His brother was no less enthusiastic.
“Our thesis around bitcoin $BTC BTC [BTC]’s upside remains unchanged,” he said discussing their position on cryptocurrency since their last Reddit appearance in 2015.
We believe bitcoin $BTC BTC [BTC] is better at being gold than gold. If we’re right, then over time the market cap of bitcoin $BTC BTC [BTC] will surpass the (approximately 7 trillion) dollar market cap of gold.
By that calculation, given the presumed eventual total BTC [BTC] $BTC supply, a single bitcoin $BTC BTC [BTC] would ultimately be worth $333,333.
Mayer: ‘No Capital Allocated To BTC [BTC] $BTC’… Yet
The bitcoin $BTC BTC [BTC] price 00 has so far failed to produce wildly bullish behavior in 2019. Continuing to hover around $4000, commentators generally accept that further downside could preclude a fresh run-up to any new highs.
Mayer, whose event aimed to make users take back control of their funds from third parties last week, is now eyeing the potential investment levels from fiat sources. These, he says, are “legendary.”
“Essentially no capital allocated to (bitcoin) or crypto-currencies,” he wrote on Twitter Monday.
Empty infinitely expandable wealth storage vessel to absorb capital flows. As (a) sterile asset, (the BTC [BTC] $BTC) price increase is wealth transfer from other assets. A black hole on the world’s balance sheet.
Essentially no capital allocated to or crypto-currencies.
Empty infinitely expandable wealth storage vessel to absorb capital flows. As sterile asset, price increase is wealth transfer from other assets. A black hole on the world’s balance sheet. Will be legendary.
— Trace Mayer (@TraceMayer)
As Bitcoinist , Q1 this year is set to see the entry of the first major institutional investor cash into BTC [BTC] $BTC. Later this month, regulated trading “ecosystem” Bakkt should begin offering physical BTC [BTC] $BTC futures, while players such as Nasdaq are also forthcoming.
What do you think about the Winklevoss twins and Trace Mayer’s perspectives on BTC [BTC] $BTC? Let us know in the comments below.
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Published at Tue, 08 Jan 2019 12:00:40 +0000
