Bitcoin is gold 2.0, will dethrone gold within decade: Gemini’s Cameron Winklevoss

Bitcoin is gold 2.0, will dethrone gold within decade: Gemini’s Cameron Winklevoss
HeadlinesNewsBitcoin is gold 2.0, will dethrone gold within decade: Gemini’s Cameron Winklevoss

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Bitcoin is gold 2.0, will dethrone gold within decade: Gemini’s Cameron Winklevoss

Modern Consensus.1 month ago
Published on December 10, 2020 04:29 GMT+0edited on December 10, 2020 04:32 GMT+0

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Bitcoin (BTC) is gold 2.0 and will take on gold’s role as the top store-of-value asset within the next decade, according to Cameron Winklevoss, the  co-founder of U.S.-based cryptocurrency exchange Gemini.

During a CNBC interview published on Dec. 10, Winklevoss called Bitcoin gold 2.0 and suggested that it is destined to replace the shiny metal as the go-to store of value asset. Winklevoss also said that he expects Bitcoin to appreciate 25 to 30 times from the current price of $18,000 to $20,000. He said:

“We think Bitcoin is gold 2.0, and if you look at the market cap today I think it’s just under about $400 billion and the market cap of gold at $9 trillion or so… We think it will dethrone gold, it’s an emergent store of value and it’s better than...