Cameron Winklevoss Hints At Bitcoin Price Hike By 20 Times



Few days back, it was all over in the news that Winklevoss twins are the first ever Bitcoin billionaires. Just a few days hence, one of the Harvard pass out brothers comes to public radar after pointing out that the success saga of Bitcoin is at its very nascent stage with more waiting to unleash its full potential in days to come. With more and more investors understanding the real worth of bitcoins as a safe haven for financial assets even more in comparison to gold, Cameron Winklevoss hints at a 20 times price rise in the following days.

Also Read: There could be more than 200 Bitcoin Billionaires Worldwide

The plan of CBOE and CME exchange to launch bitcoin futures also helped hike up the price rally of this cryptocurrency. Once these derivatives get launched, it will become easier for holders to speculate against the same. The 36 year old Winklevoss twins had a major role to play in the formation of Facebook Inc. wherein they accused the social media founder Mark Zuckerberg of stealing their idea. These twins dedicated a major portion of their holding into crypto sphere and for long have been trying to win approval in favor of a bitcoin trading vehicle.

Also Read: After CBOE and CME, NASADQ to launch trading of Bitcoin Futures

Investors are slowly embracing the ideology that Bitcoin is “mined” by computers which perform complex calculations. Cameron was quoted as saying that, “We think that bitcoin is a gold disruptor.” All these details were revealed by Cameron Winless while predicting a 20 times hike in Bitcoin price compared to its present value. “We think it’s just the beginning. We are definitely holders,” he added.

Since the very beginning, the Winklevoss twins have been deeply involved with the bitcoin plethora. The brothers owned bitcoins worth $11 million back in 2013 whose present valuation can very well be $1.7 billion if they had retained their holdings as per the Bloomberg Billionaires Index. The ranking has also revealed that the brothers individually are proud owners of a fortune worth $1 billion each apart from other assets. When asked, Cameron denied commenting about his present net worth or bitcoin holdings. Crypto experts have for long advocated the positivity of bitcoin however the public have warmed up to the same only off late. The price frenzy of Bitcoin became static at $15,600 mark on Friday. Depending on its price swings, about 100 such hedge funds have popped up. Such futures may push bitcoin more towards being adopted in mainstream finance while facilitating those wagers. The Winklevosses’ GeminiBSE -4.72 % exchange is preparing to provide support towards the launch of bitcoin futures by CBOE Global Markets Inc. on Sunday.

Cameron Winklevoss added that their platform shall have its exclusive data center for running its own infrastructure and hardware. He concluded by saying that, “We think we are in a good spot and ready for game time.”

Also Read: John McAfee predicts Bitcoin Price To Touch $1Million by 2020

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Tarunima Ghosh Laha is a Finance Post Grad from St. Xaviers who believes Finance is more than just Balance Sheets and Ledger creation. This filmy bookworm who believes she was a sloth in past life also nourishes a penchant of owning a private zoo someday. Equipped with a laptop and online Lexicon she is all set to give finance a glamorous makeover in the form of exciting writeups with bang on info and flashy new words.

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