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...