And Ethereum Will Eventually Be Worth 75K Per CoinImage from Wikimedia CommonsBack in late 2020, Tyler and Cameron Winklevoss \u2014 co-founders of Gemini cryptocurrency and former Olympians made a bold prediction. The twins believe that Bitcoin will skyrocket to $500,000 within the next decade as it surpasses gold as a store of value.\u201cThe question in our mind is not so much does it get to $500,000, but how quickly,\u201d Tyler said during an Oct. 23 podcast episode.\u201cI would sort of contend that $500,000 a Bitcoin is actually pretty conservative and the game hasn\u2019t even really started,\u201d Cameron added.Bitcoin is better at being gold than gold is according to the twins. Both are scarce, fungible, and divisible, but Bitcoin is much more portable, and therefore more efficient.Tyler continued the metaphor, describing Ethereum as a digital oil that fuels a protocol layer on top of which decentralized applications using their own tokens can be built. In other words, Ethereum will be the backbone for a new internet age, much like how oil is the backbone of our society today.This brings us to today.Bitcoin had a brutal sell-off last week that saw the leading virtual currency briefly dip below $30,000. Despite this, the twins say they\u2019re in it to \u201chodl\u201d or to hold on to their Bitcoin for dear life.\u201cI\u2019m going to hodl all the way to $500,000 and I\u2019m still going to hodl after that,\u201d Tyler said in a recent interview.\u201cWe are at the dawn at something as significant as the internet itself.\u201dCryptocurrency is a multi-generational asset according to the twins. It\u2019s something you\u2019re going to pass off to your children and your children’s children.Furthermore, this is going to cause a generational wealth shift in America making Millienials the richest group of all-time. That prediction is being bolstered by increasing amounts of\u2026<\/p>","protected":false},"excerpt":{"rendered":"
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