{"id":44069,"date":"2021-06-09T18:38:44","date_gmt":"2021-06-09T15:38:44","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=44069"},"modified":"2025-08-31T15:18:05","modified_gmt":"2025-08-31T12:18:05","slug":"tyler-winklevoss-bitcoin-could-reach-500000-in-five-years","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/tyler-winklevoss-bitcoin-could-reach-500000-in-five-years\/","title":{"rendered":"Tyler Winklevoss: Bitcoin could reach $500,000 in five years"},"content":{"rendered":"<p>Gemini chief Tyler Winklevoss called Bitcoin &#8216;Gold 2.0&#8217; and said that over the next five years the price of the asset will rise to $500,000.<\/p>\n<figure class=\\\"wp-block-embed is-type-video is-provider-youtube wp-block-embed-youtube wp-embed-aspect-16-9 wp-has-aspect-ratio\\\">\n<div class=\\\"wp-block-embed__wrapper\\\">\\n<iframe loading=\\\"lazy\\\" title=\\\"Tyler Winklevoss Says Bitcoin Will Be Worth at Least $500,000\\\" width=\\\"500\\\" height=\\\"281\\\" src=\\\"https:\/\/www.youtube.com\/embed\/PgILzTMfpww?feature=oembed\\\" frameborder=\\\"0\\\" allow=\\\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share\\\" referrerpolicy=\\\"strict-origin-when-cross-origin\\\" allowfullscreen\\><\/iframe>\\n<\/div>\n<\/figure>\n<p>\\n\\n<\/p>\n<p>During a panel discussion at the Bitcoin 2021 conference, Morgan Creek Digital cofounder Anthony Pompliano asked why the Winklevoss twins do not sell their Bitcoins, given the asset&#8217;s volatility.<\/p>\n<p>\\n\\n<\/p>\n<blockquote class=\\\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\\\">\n<p>&#8220;We still think it&#8217;s too early for that. We regard Bitcoin as Gold 2.0. It supersedes gold, so its market capitalization should be $10 trillion or more, because that is gold&#8217;s market capitalization,&#8221; replied Tyler Winklevoss.<\/p>\n<\/blockquote>\n<p>\\n\\n<\/p>\n<p>According to him, the current price of Bitcoin presents a good long\u2011term buying opportunity.<\/p>\n<p>\\n\\n<\/p>\n<blockquote class=\\\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\\\">\n<p>&#8220;In our view, when the market cap reaches $10 trillion, one Bitcoin will be worth $500,000. This could happen within a decade, certainly within the next five years. We are prepared to buy as long as the price does not rise at least to $500,000,&#8221; he added.<\/p>\n<\/blockquote>\n<p>\\n\\n<\/p>\n<p>Winklevoss noted that after the asset hits the coveted milestone, investors won&#8217;t even need to sell it \u2014 they could take out crypto-backed loans.<\/p>\n<p>\\n\\n<\/p>\n<p>On June 9, <a href=\"https:\/\/u1f987.com\/en\/news\/el-salvador-passes-bill-recognizing-bitcoin-as-legal-tender\">El Salvador recognized Bitcoin as an official means of payment<\/a> in the country. Against this backdrop, the asset&#8217;s price rose by 18%, and its market capitalization reached $683 billion, according to <a href=\\\"https:\/\/www.coingecko.com\/en\/coins\/bitcoin\\\">CoinGecko<\/a>.<\/p>\n<p>\\n\\n<\/p>\n<p>At the time of writing, Bitcoin was trading at around $36,564.<\/p>\n<p>\\n\\n<\/p>\n<figure class=\\\"wp-block-image size-large\\\"><img loading=\\\"lazy\\\" decoding=\\\"async\\\" width=\\\"1024\\\" height=\\\"471\\\" src=\\\"https:\/\/u1f987.com\/wp-content\/uploads\/btc-38-1024x471.png\\\" alt=\\\"Tyler Winklevoss: Bitcoin price could rise to $500,000 in five years\\\" class=\\\"wp-image-138463\\\" srcset=\\\"https:\/\/u1f987.com\/wp-content\/uploads\/btc-38-1024x471.png 1024w, https:\/\/u1f987.com\/wp-content uploads\/btc-38-300x138.png 300w, https:\/\/u1f987.com\/wp-content\/uploads\/btc-38-768x353.png 768w, https:\/\/u1f987.com\/wp-content\/uploads\/btc-38-1536x706.png 1536w, https:\/\/u1f987.com\/wp-content\/uploads\/btc-38.png 1828w\\\" sizes=\\\"auto, (max-width: 1024px) 100vw, 1024px\\\" \/><figcaption>Chart BTC\/USDT from Binance. Data: <a href=\\\"https:\/\/ru.tradingview.com\/chart\/00O1pBoT\/\\\">TradingView<\/a>.<br \/><\/figcaption><\/figure>\n<p>\\n\\n<\/p>\n<p>At the end of 2020, <a href=\"https:\/\/u1f987.com\/en\/news\/winklevoss-twins-call-bitcoin-the-new-gold-and-forecast-its-rise-to-500000\">dubbed Bitcoin the new gold<\/a> and predicted its rise to $500,000 with a market capitalization of about $9 trillion.<\/p>\n<p>\\n\\n<\/p>\n<p>The well-known technical analyst and head of Factor LLC Peter Brandt said that <a href=\"https:\/\/u1f987.com\/en\/news\/peter-brandt-does-not-rule-out-bitcoin-rising-to-100000\">believes Bitcoin could rise to $100,000<\/a>.<\/p>\n<p>\\n\\n<\/p>\n<p>Subscribe to ForkLog news on <a href=\\\"https:\/\/vk.com\/forklogcom\\\" target=\\\"_blank\\\" rel=\\\"nofollow noopener\\\">VK<\/a>!<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Gemini chief Tyler Winklevoss called Bitcoin &#8216;Gold 2.0&#8217; and said the price could rise to $500,000 within five years.<\/p>\n","protected":false},"author":1,"featured_media":44070,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[18,1146,1140],"class_list":["post-44069","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-bitcoin","tag-cryptocurrency-market-forecasts","tag-winklevoss-twins"],"aioseo_notices":[],"amp_enabled":true,"views":"14","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/44069","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=44069"}],"version-history":[{"count":1,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/44069\/revisions"}],"predecessor-version":[{"id":44071,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/44069\/revisions\/44071"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/44070"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=44069"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=44069"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=44069"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}