Cameron's famous twin Winklevoss claimed that the phenomenal rise in the price of the main cryptocurrency Bitcoin is expected to increase further in the long run. He claimed that if Bitcoin has the ability to disrupt gold, then it can appreciate 10 to 20 times further as there is still a significant delta for virtual currency number 1.
In his interview with CNBC early December 2017, Cameron Winklevoss said that Bitcoin is 2.0 gold because it has the ability to disrupt gold.
Despite having already reached a market capitalization of 300 billion dollars, digital currency has plenty of room to grow.
"We have always thought that Bitcoin, given its properties, is 2.0 gold – it disrupts the gold, the gold is rare, the bitcoin is actually fixed, the bitcoin is much more portable and much more divisible.There is certainly a lot of price appreciation, but gold is at $ 6 tln and if bitcoin disturbs the gold is true and it's played … then you can see 10 to 20 times the appreciation because there is still a significant delta. "
Other Major Developments for Bitcoin
Bitcoin supporters should support the planned launch of Bitcoin futures trading by the Chicago Board Options Exchange (CBOE). The transactions will be made at the Gemini Digital Stock Exchange, co-founded by the Winklevoss Twins. The CME Group is also expected to launch its own futures in the next two weeks.
According to several experts, the launch of Bitcoin term trading will pave the way for the introduction of Bitcoin Exchange Traded Funds (ETFs). The United States Securities and Exchange Commission (SEC) already claims to be evaluating the feasibility of Bitcoin ETFs.
According to Winklevoss, the launch of Bitcoin futures paves the way for other products.
"We believe that derivatives open the door to other products and constitute the next logical evolution of this market."