Tyler Winklevoss, co-founder of Winklevoss Capital, branded bitcoin as “gold 2.0” as he said the cryptocurrency could reach a capital appreciation of $7 trillion.
Appearing on Bloomberg News, Mr Winklevoss said: “The market capital of gold is 7 trillion. In the market capital of bitcoin, let’s say it’s around 100 to 200 billion.
“It is gold 2.0. So it has an appreciation from anywhere from 100 billion to 7 trillion. So that could be anywhere from like 30 to 40 times from here.”