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Topic: Bitcoin will someday be worth as much as 40 times its current - page 2. (Read 599 times)

hero member
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This is also good news to help the virtual currency market recover quickly, overcome the storm cryptocurrency .
This is not even a news, it's just a speculation but this is a very positive one coming from the Winklevoss twins. They are one of the early investors of bitcoin and can be considered the bitcoin billionaires. AFAIK, they are holding almost 120k BTC that can be good for the rest of their lives. And with their words that it can be worth 40 times than today's current value, they are not trying to be greedy as they can settle and leave the market but they are saying the truth about the potential of bitcoin - blockchain.
full member
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As much as people spreading FUD around, good to know that there are also people who are spreading anti-FUD about bitcoin and its future. Yes, a 40-time folds of its market value today is possible because a 40-time folds already happened if we consider its market value since it was launched.
hero member
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Winklevoss twins: Bitcoin will someday be worth as much as 40 times its current
They believe that bitcoin is more valuable than gold. Hopefully more people will see the value of Bitcoin brings. This is also good news to help the virtual currency market recover quickly, overcome the storm cryptocurrency .
I have no idea why do these people compare bitcoin to gold. It's like to compare PC game cossacks to real imperia of rome. Do you really understand or analyze what you compare to what?
Since subject is more important here, I would say that anything needs a logical reason. I can say that bitcoin will fall to 1$. Let's open threads about my word ok? That's not correct. I will say: Bitcoin will never be x40 of current price. Why? Because it's block size + not so much customer. The more demand (number of bitcoins is limited) - the higher the price - it's rule of economics.
sr. member
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I would take their predictions with a grain of salt, they're saying this hoping to generate a self fullfiling prophecy since they're heavily invested in bitcoin themselves. Just like McAfee they're saying what they hope it happens, and what they want indecisive people to hear to create further demand which benefits them personally.
but what's the point of raising the price of Bitcoin to this level? We have already made sure that the higher the price for Bitcoin, The greater the transaction cost of Bitcoin, and the people who carry this financial transaction can last several days.
sr. member
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Winklevoss twins: Bitcoin will someday be worth as much as 40 times its current
They believe that bitcoin is more valuable than gold. Hopefully more people will see the value of Bitcoin brings. This is also good news to help the virtual currency market recover quickly, overcome the storm cryptocurrency .
I also believe this is going to happen and we actually need to keep faith with the market in other to be part of it developments. I believe we are still at the early stages of bitcoin development and that is why every negative or positive comments do move it to the level were people are referring to it as dump or pump whenever it has significant price movement.
Winklevoss twins: Bitcoin will someday be worth as much as 40 times its current

Even more is possible, if finally we have a good adoption and some improvements comes and run smoothly then 40 times it seems little

Anyway Winklevoss twins should not care about it since they are already millionaire, seems like they are a little bit greedy Tongue
I believe bitcoin is going to move above 100 time of were it is today if the general public adopt it and our institutions began to use it as a mode of financial transactions. No matter the attack from governments and banks bitcoin is going to go up and maybe by then governments will realize it mistake and correct it. Bitcoin has been having some limitations but as far as it coming out of it is a sign that the future is bright.
newbie
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I would take their predictions with a grain of salt, they're saying this hoping to generate a self fullfiling prophecy since they're heavily invested in bitcoin themselves. Just like McAfee they're saying what they hope it happens, and what they want indecisive people to hear to create further demand which benefits them personally.
member
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Winklevoss twins: Bitcoin will someday be worth as much as 40 times its current
They believe that bitcoin is more valuable than gold. Hopefully more people will see the value of Bitcoin brings. This is also good news to help the virtual currency market recover quickly, overcome the storm cryptocurrency .
all that can happen, and maybe that's what we all hope for, because bitcoin is the currency of the future that has a lot of ease in every way. not just in the form of investment.
I think that's too much, I want to witness first at $50k before speculating that much higher price at 40 times. It might lost the purpose of why bitcoin was created if that happens but who knows, bitcoin is unpredictable and can bounce back and pumps to that price.
hero member
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I'd settle for $100K....I'm getting older & don't want to have to wait too much longer to enjoy it Sad


Yea I'd be perfectly happy with $100k. Though I certainly think 40x from here is a possibility, not sure how likely. But $100k would set me up for life so i'd take that Cheesy

Well, it seems we all have high hopes and a big chunk of our future plans rests with btc reaching that level in value. 40x is asking too much and would probably be closer to fiction. But who knows. I'll try to keep btcs for my grandchildren :p
legendary
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Virginia Senator Mark Warner also predicted that the total cryptocurrencies market cap will reache 20 trillion dollar.

It means that the market cap should be rise 50 times. If it happens bitcoin price will rise 50 times too.

the market cap thing doesn't need a prediction really. it will happen sooner than you think and i will explain why but first i have to say it has nothing to do with bitcoin price. bitcoin is on its own path and it will continue to grow regardless of all the shenanigans in the altcoin market.

the way the total market cap is going to rise to a ridiculous (unreal) number is that they keep creating these shitcoins each with a low price but a huge supply. on top of it they keep on forking bitcoin and recently litecoin too and with each fork they simply add about 16.8 million coins in circulation which adds 16.8 million multiplied by whatever price they have which is from 1 cent to 1000 dollar to the total market cap.
that is how you see bitcoin market dominance (they mistakenly call it that) go down despite bitcoin price contentiously rising over the last year.
hero member
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Winklevoss twins: Bitcoin will someday be worth as much as 40 times its current
They believe that bitcoin is more valuable than gold. Hopefully more people will see the value of Bitcoin brings. This is also good news to help the virtual currency market recover quickly, overcome the storm cryptocurrency .

What they believe is up to them. I doubt that it'll have that much of a impact on bitcoin price. There are just too many "experts" out there saying a whole range of different and sometimes contradicting info to the public.

I agree with them though. I do think that one day in the future, bitcoin's market capitalization will probably exceed that of gold's. A few years ago if you said that bitcoin would ever be worth the same as one ounce of gold, you were delusional.

When will this happen would be completely unknown. It could take a decade or two before a pump this big happens again.
hero member
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I'd settle for $100K....I'm getting older & don't want to have to wait too much longer to enjoy it Sad


Yea I'd be perfectly happy with $100k. Though I certainly think 40x from here is a possibility, not sure how likely. But $100k would set me up for life so i'd take that Cheesy
jr. member
Activity: 178
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Winklevoss twins: Bitcoin will someday be worth as much as 40 times its current
They believe that bitcoin is more valuable than gold. Hopefully more people will see the value of Bitcoin brings. This is also good news to help the virtual currency market recover quickly, overcome the storm cryptocurrency .
all that can happen, and maybe that's what we all hope for, because bitcoin is the currency of the future that has a lot of ease in every way. not just in the form of investment.
member
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I'd settle for $100K....I'm getting older & don't want to have to wait too much longer to enjoy it Sad
hero member
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Winklevoss twins: Bitcoin will someday be worth as much as 40 times its current
They believe that bitcoin is more valuable than gold. Hopefully more people will see the value of Bitcoin brings. This is also good news to help the virtual currency market recover quickly, overcome the storm cryptocurrency .
Like always the problem is is not the what but the when, we all know bitcoin is going to be very valuable but if that happens in 300 hundred years then no one here is going to benefit greatly from that, we need bitcoin to reach huge values in a time frame in which we can enjoy the benefits of holding long term and I doubt bitcoin is going to up 40x in the next decade.
legendary
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Virginia Senator Mark Warner also predicted that the total cryptocurrencies market cap will reache 20 trillion dollar.

It means that the market cap should be rise 50 times. If it happens bitcoin price will rise 50 times too.

I think the total market cap of cryptocurrencies will be huge.

But am not sure bitcoin will rise by 50 times. It is losing merchant adoption, other coins are catching up to it. I think the flippening with Ethereum will happen. I think litecoin, BCH and monero will be used as currencies. Am not sure where bitcoin is going - it might get to $30k, but beyond that....
sr. member
Activity: 1400
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In 2013 they said it was to be worth $50k in "some years". I didnt have any btc at that time, and the use cases were so few you could doubt it would reach such value. Now, here we are, and we want the value to be what the Winklevoss brothers predicted.

We can reach 50k right at this year. We only need a assortment of good news, news that can skyrocket the price, and make the marketcap go to 2 trillion. News like Giancarlo convincing the central banks to have reserves of bitcoin, something like that.

legendary
Activity: 1526
Merit: 1179
I completely share their optimism. I have said it today before, and that is me being confident that Bitcoin can become a $10 trillion dollar asset, which is an increase of around 70 times from current levels.

I personally prefer to remain a bit more conservative and realistic in terms of the time frame this will be happening, because this market will experience its ups and downs, but in the very long term, we'll succeed in that aspect.

For that reason I don't understand why people still see the recent correction as something negative. While people here are panicking, smart investors keep accumulating with a big smile, knowing they'll be rewarded big time later.
legendary
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Virginia Senator Mark Warner also predicted that the total cryptocurrencies market cap will reache 20 trillion dollar.

It means that the market cap should be rise 50 times. If it happens bitcoin price will rise 50 times too.

I’ll raise a glass to that brother.

full member
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Winklevoss twins: Bitcoin will someday be worth as much as 40 times its current

Even more is possible, if finally we have a good adoption and some improvements comes and run smoothly then 40 times it seems little

Anyway Winklevoss twins should not care about it since they are already millionaire, seems like they are a little bit greedy Tongue

It's a strange situation whereby the absolute increase plays on peoples minds. Going from say $1 to $40 doesn't seem nearly as much of an increase as going from $8k to $320k.

I do sure hope it happens though and the Winklevoss twins can be even more rich, oh well  Smiley
full member
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Virginia Senator Mark Warner also predicted that the total cryptocurrencies market cap will reache 20 trillion dollar.

It means that the market cap should be rise 50 times. If it happens bitcoin price will rise 50 times too.
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