Winklevoss brothers: Bitcoin still underrated, might become 40 times more expensive

The Winklevoss brothers are not impressed with the recent drop of Bitcoin and tell it will grow in the long term, the press found out. They believe that one of the fundamental reasons why Bitcoin will be successful is that traditional banks were invented before the Internet was born and thus they do not respond to the needs of Internet users. They think that the price is going to reach approximately $300,000 one day.

Note that the Winklevoss twins lost over $900 million during the drop after $20,000 and do not seem to lament the loss, which demonstrates how important it is to invest only something you are prepared to lose. The initial investment sum of $11 million was gained after a successful lawsuit against Mark Zuckerberg, and there are reasons to believe this sum was not all their savings.

This might also indicate their extremely bullish sentiment towards Bitcoin they have not parted with for years. As for the neutrality of their position, one must remember that they own the Gemini cryptocurrency exchange connected with CBOE’s Bitcoin futures and thus the Winklevoss brothers are interested in the growth of the market.