In a tweet posted on Wednesday, Winklevoss emphasized that if Bitcoin breaks the psychological resistance at $10,000, it will definitely move on to break $15,000.
If bitcoin breaks 10k, you can bet it’s going to break 15k…???
— Tyler Winklevoss (@tylerwinklevoss) June 19, 2019
When pushed by Twitter users as to why these two price points would be related, Winklevoss stated, “It’s a cheap asset until it disrupts gold, however, the 2nd time breaking 10k will make it feel more ‘real’ to many people.”
Winklevoss has compared Bitcoin to gold in the past. As we previously reported, Winklevoss stated that he believes that Bitcoin will be so successful that its ability to act as a store of value will push it beyond current commodities, including gold.
“Our thesis around Bitcoin’s upside remains unchanged. We believe bitcoin is better at being gold than gold. If we’re right, then over time the market cap of bitcoin will surpass the [~$7 trillion] dollar market cap of gold,” Winklevoss has said.
Bitcoin is currently up 3.35% on the day to $9,622, bringing its market cap to $171 billion.
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Disclaimer: This article’s author has cryptocurrency holdings that can be tracked here. This article is for informational purposes only and should not be taken as investment advice. Always conduct your own due diligence before making investments.