According to Cameron Winklevoss, one of the two famous twin brothers, despite the dizzying rise of Bitcoin in 2017 the price of cryptocurrency is still very far from its peak values and can grow about 20 times which is approximately $300,000 for one Bitcoin.
So Cameron Winklevoss believes that the current increase of more than 10 times in Bitcoin since the beginning of the year is only the beginning of the “big way”. Moreover, he is convinced that over time Bitcoin will replace gold:
I think Bitcoin will replace gold and it will happen soon.
Cameron’s forecast for Bitcoin is based on the total value of the gold market. According to various estimates the volume of this market is from six to 7.5 trillion dollars. Also in his opinion, Bitcoin has much better divisibility characteristics and is much more portable than gold.
Also, according to Cameron, he is looking forward to the launch of bitcoin futures on the Chicago Stock Exchange which will be held today, December 10th. The underlying asset of the futures contract will be the BTC value expressed in dollars on the Winklevoss Gemini crypto-exchange.
Meanwhile, on the eve of the futures launch on the CBOE, there is uncertainty and bearish sentiment on the market. In just the last three days price of bitcoin has fallen by about a quarter (compared with peak values around $ 17,000).
Some experts are convinced that futures for bitcoin can cause even greater volatility and provoke a sharp decline in its price.
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