Tag Archives: investors

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Winklevosses: Bitcoin worth at least 100 times more

twins-bitcoinCNBC covers recent volatility concerns about Bitcoin with the Winklevoss twins this morning.

The twins commented:

The small bull case scenario is a $400 billion market cap. So the market cap is around $4 billion right now
[…]
As for what regulators in Washington think about bitcoin, I think everyone recognizes the innovation and doesn’t want to stifle it. They just want to make sure there’s healthy regulations so it’s used in a safe and productive manner.

Video and Full Article: http://www.cnbc.com/id/101190181

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High-profile investors reveal just how bullish they are on bitcoin

It’s important to put money where your mouth is. Of course, if it is BTC, then putting bitcoin where your mouth is makes all the difference.

bitcoin-usd

The proclamation of former Facebook executive and investor Chamath Palihapitiya that he owns $5 million in bitcoins, around 23,000 bitcoin at current CoinDesk BPI prices, is an exercise in confidence for the electronic currency.

And the fact that he wants to own at least $10 million more shows serious investor interest in a new type of asset class that some critics have in the past considered worthless.

Rest of the article here: http://www.coindesk.com/investors-bullish-bitcoin/