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Tyler Winklevoss Bets Bitcoin is on its way to $ 15,000 when it hits this level




Published:

19/06/2019 19:40

ET. Journalist:

By CCN Markets: Bitcoin price is rising, and Tyler Winklevoss believes it can see significant gains if it can break through the $ 10,000 point. The co-founder of the Gemini Exchange published on Twitter that, if the world's most valuable crypto competition moves past that price, it can advance to reach $ 15,000. He tweeted:

"If bitcoin breaks 10k, you can bet it's going to break 15k."

Bitcoin has momentum on its side

Bitcoin has had modest gains in recent months. It has moved from a decline of nearly $ 3,200 in December 201[ads1]8 to bypass $ 9,000 in June.

It is a major turnaround from November 2018. At that time, Cryptoanalysis blog Skew claimed that there was only a 19% chance that the prize could reach $ 10,000 in June 2019.

Tyler Winklevoss is not The only person who predicts further rises. Founded founder Thomas Lee claimed in this week that the price will "easily take out" all the time high of $ 20,000. Analyst Oliver Isaacs told the Independent that the prize could jump to $ 25,000 at the turn of the year or early next year.

But even when Bitcoin already shows signs of recovery, speculation builds that other movements in the crypto curve could push the price up longer. Investor Max Keizer claimed during this week that the launch of Facebook's Libra could push the bitcoins price beyond its all-time high. Keizer described CEO Mark Zuckerberg as "Satoshi is useful idiot." Circle President Jeremy Allaire made a similar prediction this month, claiming that the launch of Libra could push bitcoin past $ 10,000 as early as June.

Why $ 10,000 may be the magic number [19659005] Winklevoss did not explain why $ 10,000 would signal a further increase, but Lee previously explained at CryptoCompare Digital Asset Summit 2019 in London that the price apparently represents a "FOMO level" and says :

"To be clearer, we saw earlier fears of missing out (FOMO) periods; so when bitcoin trades within 3% of its historical price levels and that was about $ 10,000 for bitcoin. , when you break that FOMO level, bitcoin usually collects [200%] to 400%. "

Winklevii Remain Positive

Tyler and his twin brother Cameron Winklevoss are known for their early approval of Bitcoin. In an interview this month, the twins explained their decision to buy early. The couple bought 1% of all bitcoins at a time when the price was below the $ 10 mark.

"Our dissertation at that time when bitcoin is going to interfere with gold. And gold has a market value of $ 7 trillion today. So, if bitcoin is worth $ 7 trillion or more, this seems like a cheap resource. a complete wild vest. "

Even during the worst downturns of the crypto-race, the twins did not seem to be fazed by the falling price. In an interview in December 2018, Tyler stated that "we are completely at home in the winter." The couple continued with plans to uncover a Gemini Mobile App to simplify crypto transfer.

This post was last modified on (Eastern Time): 19/06/2019 19:46



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