Over the course of 2020, several people have bought Bitcoin (BTC). In this regard, Tyler Winklevoss expressed that the smartest people in the room are buying Bitcoin.
«These are the most sophisticated investors. The smartest people are quietly buying Bitcoin».
Specifically, Gemini co-founders Tyler and Cameron Winklevoss indicated that billionaire Paul Tudor Jones and the company MicroStrategy are part of a large inflow of money into BTC.
To recall, the famous Wall Street investor and billionaire, Paul Tudor Jones, previously stated: “Bitcoin, is still in the first entry and has a long way to goTyler Winklevoss. The smartest people are buying Bitcoin. ‘
“If I am forced to forecast, my bet is that it will be Bitcoin.”
Smart people are buying Bitcoin
Precisely, in a CNBC interview, published on Friday the 11th, Tyler explained that the main institutions are here for this round. As opposed to the bull run led by Bitcoin retail in 2017.
It should be noted that in addition to Jones and MicroStrategy, we also have Stanley Druckenmiller, Square, MassMutual, and Guggenheim Partners. Which have gained exposure to Bitcoin.
As a curious fact, the famous investor Tim draper He said, that it will be Bitcoin, not banks and governments that will save the day.
To return to the topic, Tyler Winklevoss added: “Plus, you have publicly traded companies like Square and MicroStrategy investing their treasury cash in Bitcoin. Because, they are worried about the coming inflation and the scourge of inflation with all the money printing and stimulus from COVID«.
How do the Winklevoss view Bitcoin?
The Winklevoss have long publicly expressed their love for Bitcoin.
In effect, the brothers called Bitcoin, as a comparative buy and hold strategy with gold.
«We see Bitcoin right now, as an emerging store of value that will disrupt gold. So it doesn’t actually have to be used as a coin. And volatility doesn’t matter, if it’s really a store of value».
Further: “This is why so many people have fled to Bitcoin. Because, it is not clear how the dollar gets off this track of debt and printing. And how much will it really be worth in the future, if at all».
In fact, the Winklevoss repeated their prediction, that Bitcoin will hit $ 500,000 in the next decade.
«It is an emerging store of value and is better than gold. We think it could appreciate between 25 and 30 times the current price».
In closing, Tyler emphasized that: «$ 500,000 is a really conservative goal. So the sky is the limit».
So what do you think about the Winklevoss brothers’ prediction? Let us know in the comment box.
I say goodbye with this phrase from Nassim Nicholas Taleb: “The past cannot be used to predict the future.”