After what seemed like a long time from seeing the Winklevoss twins in the news or releasing any statements on cryptocurrency, Tyler Winklevoss finally appeared on CNBC and said that anyone that can't see Bitcoin at $320,000 just lacks imagination.
After a rough few weeks for Bitcoin and cryptocurrency in general, many people were hoping to hear some positive news. Tyler finally delivered this news and doubled down on his bullish feelings of Bitcoin.
He also stated one of the reasons why he thinks that Bitcoin and Ethereum will have much more value in the future, and it is a bit surprising and unconventional in terms of what most people see in the future of crypto. Check out his quote below:
“Cryptocurrencies aren’t really important for human-to-human transactions... but when machines-to-machines trade economic value, they are going to plug into protocols like bitcoin and ethereum,” he explained to CNBC. “They are not going to open bank accounts at J.P. Morgan... those were invented by bankers before the internet existed. Trying to use them as payments or money on the internet is a square peg in a round hole at best.”
As AI and robotic technology grow, more and more crypto will be used by computers/robots/AI. Between that and more of the general public jumping into cryptocurrency, the price should easily remain bullish for the long term.
What do you think about Tyler's statements on Bitcoin? Tell me in the comments!
Stay High,
