Here is a compilation of some of the most informative news and information from the world of cryptocurrency. In this week’s news, Cameron Winklevoss (L) and Tyler Winklevoss stated the price of bitcoin could appreciate 45x from where it is today. Since early 2020, the institutional demand for Bitcoin has been steadily increasing although coronavirus pandemic has truly been a watershed event .
Winklevoss Twins Make The ‘Ultimate’ Case For A $500,000 Bitcoin Price
Winklevoss Twins Wrote:
“Money stored in a bank will get run over. Money invested in assets like real estate or the stock market will keep pace. Money stored in gold or bitcoin will outrun the scourge,”Cameron Winklevoss (L) and Tyler Winklevoss
“Currently, gold is a reliable store of value and the classic inflation hedge. Supply. The supply of gold is actually unknown. While gold remains scarce or ‘precious’ on planet Earth, the same cannot be said with respect to our galaxy.”Cameron Winklevoss (L) and Tyler Winklevoss
“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.”Cameron Winklevoss (L) and Tyler Winklevoss
This early Bitcoiner sold BTC on eBay for a 100% markup in 2015
Fidelity President Files For New Bitcoin Fund
Fidelity president and director of digital funds Peter Jubber today filed paperwork with the U.S. Securities and Exchange Commission (SEC) informing the regulator of a new fund dedicated to bitcoin. Read more.
If you like this article, check out one of our previous in-house articles,“What are Non-Fungible Tokens” by Census Open Finance.
Institutional crypto interest hasn’t been affected by COVID-19
Market Wrap: Bitcoin Climbs to $11.5K With Record Amount in DeFi
Pomp Podcast #372: Mark Nadal on Decentralized Network Infrastructures
This is an episode of The Pomp Podcast with host Anthony “Pomp” Pompliano and guest, Mark Nadal, the founder and CEO of ERA, an innovation lab focused on bringing the decentralized web to life across infrastructure, applications and security with an open-source mindset.