Tyler Winklevoss thinks Bitcoin can easily reach $ 15,000

The Bitcoin price will not have trouble reaching $ 15,000 after it exceeds the $ 10,000 resistance threshold, Tyler Winklevoss believes.

Contents hide

1 Ascending trend

2 $ 40,000 by the end of the year

2.1 Related posts:

He made this statement on Twitter when Bitcoin was around $ 9250. At present, the BTC has exceeded $ 10000 and seems to maintain its upward trajectory.

If bitcoin breaks 10k, you can bet it’s going to break 15k … ???
– Tyler Winklevoss (@tylerwinklevoss) June 19, 2019

Ascending trend

The Bitcoin price rose significantly this year, with a slight correction earlier this month. On June 10, the BTC reached $ 7570, and has now reached a record $ 10960.

With all the rumors about controversial legislation, cryptomonas price has risen by more than 130% over the past three months.

Tyler Winklevoss, co-founder of the Gemini platform, says Bitcoin is still under-rated.

“It’s a cheap digital asset until it gets to disturb the gold. However, once it exceeds $ 10,000 for the second time, it will become more “real” for many people,

he explained.

Read This Now: Twitter wants to use blockchain for a decentralized standard

At the beginning of the year, Tyler Winklevoss said that Bitcoin will exceed the gold market:

“We think Bitcoin is a better gold than the gold itself. If we are right then, over time, the BTC’s market cap will exceed the $ 7 trillion gold market valuation. “

Based on this calculation, given the total Bitcoin cryptomonas, a BTC could reach more than $ 300,000.

$ 40,000 by the end of the year

So far, Bitcoin has managed to reach $ 10,000 again in March 2018. However, the evolution of recent months has rebuilt investor confidence in its evolution.

Many of Bitcoin supporters reiterated optimistic predictions for this year. This week, Fundstrat Global Advisors analyst Tom Lee said for example that Bitcoin will reach $ 40,000 by the end of the year.

Given that the number of Bitcoin futures contracts record values, the upward trend of the price seems to be sustainable.

Moreover, JPMorgan Chase recently pointed out that the difference between the trading volumes on the crypto exchanges and the CME is a sign of increasing institutional work on Bitcoin.

Read This Now: Blockchain Accelerator India - Synthesis cerypto February 5th