Cameron Winklevoss: Bitcoin Might Hit $40,000 Per Coin

winklevoss16 Dec 2013 / Mashable – The Winklevoss twins — Cameron and Tyler — are perhaps best known as Olympic rowers for the U.S. and their long and painful lawsuit against Facebook, in which they claimed Mark Zuckerberg stole their idea for the site.

The brothers are also huge Bitcoin enthusiasts, and now Cameron Winklevoss has taken to Reddit to chat a bit about the cryptocurrency, revealing some of his predictions for its future value and the reasons behind his enthusiasm for Bitcoin.

Winklevoss, who along with his brother has a very heavy investment in Bitcoin, thinks the digital currency might easily become 45 times as valuable as it is today (roughly $900 per bitcoin).

“Small bull case scenario for Bitcoin is a 400 billion USD dollar market cap, so 40,000 USD a coin, but I believe it could be much larger. When this will happen, if it happens, I don’t know, but if it happens, it will probably happen much faster than anyone imagines,” wrote Winklevoss.

He also wrote that he never sold a single Bitcoin, which he views as “commodity money.” He also expressed his views on the recent closure of internet’s black market Silk Road, where Bitcoin was used for transactions….. Read more

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