“We think Bitcoin is Gold 2.0,” says Tyler Winklevoss. “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 and we still think it’s conservatively at 10x from here. So even at $35,000, it feels like a really good buying opportunity long-term. We think at a $10 trillion market cap one bitcoin will be worth $500,000. That could happen inside this decade, definitely the next five years. We’re hodlers until at least $500,000. Then at that point, you won’t even have to sell because you can borrow off it or whatever.”
The Winklevoss twins own approximately 1% of all Bitcoin. Estimates place their holdings to be worth between 120,000 to 170,000 Bitcoins, that’s over $1 billion.
Tyler and his twin brother Cameron have reportedly amassed a $6 Billion Bitcoin Fortune. The twins made their initial $11 million investment in Bitcoin in 2013. The brothers settled with Mark Zuckerberg in 2008 for a mere $65 million in cash and stock following their allegations that Zuckerberg copied their idea after they hired him to do programming on the project.
“And we still think it’s really early,” adds Tyler Winklevoss. The twins own over 1% of all Bitcoin according to various reports.