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.