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Winklevoss Twins

Bitcoin Worth at Least 100 Times its Current Price

12 Nov, 2013

The twins tell CNBC that they believe bitcoin should be worth at least 100 times more than it’s valued today.

The small bull case scenario is a $400 billion market cap. So the market cap is around $4 billion right now.

Tyler also noted that the closure of The Silk Road, an online marketplace for contraband and drugs had beeen positive for Bitcoin:

Prices are double what it was before Silk Road was shut down. So the demand to use bitcoin for illicit activity was clearly almost zero.