Cameron Winklevoss, CEO of Gemini Exchange said Bitcoin's value could be 40 times where it is now

It is thought that bitcoin’s rejuvenation has been sparked by increased confidence in the market.

The cryptocurrency seems to have recovered from a spate of recent negative headlines and brushed off threats from governments that crypto trading could be banned or regulated.

Cameron Winklevoss, CEO of Gemini Exchange, now predicts bitcoin will grow up to 40 times in value and become more valuable than gold.

He told CNBC: “Taking bitcoin in isolation, putting all the other assets aside, we believe bitcoin disrupts gold.