The Winklevoss twin made the statement that it is essential for every attendee of the Singapore Fintech Festival to keep themselves abreast of the Bitcoin world's latest developments.
The twins advised because the total market cap of BTC will flip that of gold. In their statement, they also added that BTC/USD would trade at 1BTC for $500,000.
Major Updates
- Winklevoss brothers urge people to choose bitcoin over gold
- BTC will eventually exceed $500k
- Poor regulation hinders bitcoin growth.
Their prediction means the BTC market will go past the $9 trillion gold market cap. It also means the increase in the BTC cap will be 40 times more than gold.
Cameron called people's attention to the amount spent on printing money, inflation, and lots more that have been giving hard assets like Bitcoin and gold an edge over the fiat.
He further stated that BTC has an advantage over gold because it can be transferred quickly, and any external force does not influence the production rate.
The twins added that the lack of clear regulations is one of the significant hindrances the BTC world faces. However, if rules are heavy-handed, innovation could be stifled. The twins also talked about their plans to grow Gemini to new and emerging regions.
This year's move is just the beginning for the BTC world, and many more good things are there is more to come. Bitcoin will revolutionize money transfer, the internet, and technology.
Do you also see a more promising future for BTC? Use the comment box to share your opinion.
