Bitcoin Will Explode to Beyond $1 Trillion
The anonymous digital currency known as Bitcoin is set to explode beyond $1 trillion, so says those famous Winklevoss twins.
Tyler and Cameron Winklevoss, best known for their legal battle with Facebook founder Mark Zuckerberg, are both major investors in the crypto currency.
They predict Bitcoin's market capitalization could easily skyrocket to at least $400 billion, or roughly the combined size of modern day payments companies like American Express Visa, MasterCard and Western Union according to CNN Money.
The Winklevoss twins even believe Bitcoin has the potential to surpass gold in value.
"If Bitcoin is a better gold or seen as a type of gold-like asset, then it could be in the trillions on a market cap," Tyler Winklevoss told CNNMoney. "We do feel those are very real possibilities."
That’s music to the ears of online gambling sites, who for some time have been resistant towards accepting the alternative currency. Bitcoin gambling at CoinRoyale.com continues to improve month-on-month.
Still, the cyber currency has quite a way to go if it is to make the Winklevoss’ lofty target. Current market cap for Bitcoin is less than $4 billion.
- Aaron Goldstein, Gambling911.com
