Bitcoin ‘Undervalued’ Until It Hits $7 Trillion Market Cap: Winklevoss Twins

Published: July 10, 2019 | by Bitcoin Press News Team

If you think you’ve already missed bitcoin’s biggest price gains, think again. The Winklevoss Twins think bitcoin has plenty of room to run and is wildly undervalued at anything less than a $7 trillion market capitalization. For perspective, bitcoin’s current market cap is $229 billion.

Cameron and Tyler Winklevoss, who reportedly own 1 percent of all bitcoin outstanding, base their theory on BTC surprising the market cap of gold. “Our thesis is that bitcoin is gold 2.0 and so until it has a market cap of $7 trillion, which is the size of gold, it’s a very under-valued asset, so […]