Tyler Winklevoss is an American cryptocurrency and Bitcoin investor, rower, entrepreneur, and founder of Winklevoss Capital Management and Gemini cryptocurrency exchange. Winklevoss co-founded HarvardConnection (later renamed ConnectU) along with his brother Cameron and a Harvard classmate of theirs, Divya Narendra. In 2004, the Winklevoss brothers sued Mark Zuckerberg, claiming he stole their ConnectU idea to create the much more popular social networking service site Facebook.
"Bitcoin has already made significant ground on gold — going from whitepaper to over $200 billion in market capitalization in under a decade. Today, the market capitalization of above-ground gold is conservatively $9 trillion. If we are right about using a gold framework to value bitcoin, and bitcoin continues on this path, then the bull case scenario for bitcoin is that it is undervalued by a multiple of 45. Said differently, the price of bitcoin could appreciate 45x from where it is today, which means we could see a price of $500,000 U.S. dollars per bitcoin.All of this does not factor in the possibility of bitcoin displacing some portion of the $11.7 trillion dollars of fiat foreign exchange reserves held by governments. Foreshadowing this, at least one publicly-traded U.S. corporation has begun holding bitcoin as a treasury reserve asset. If central banks start to diversify their foreign fiat holdings even partially into bitcoin, say 10%, then 45x gets revised upward towards 55x or $600,000 USD per bitcoin, and so forth."
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