On Thursday (February 13), Tyler Winklevoss, who is Co-Founder and CEO of digital asset exchange Gemini, as well as Principal at New York-based family office Winklevoss Capital, was so excited about Bitcoin managing to stay above the $10K level that he tweeted his prediction for Bitcoin’s next stop — “the moon”:
24+ hrs above 10k. Next stop…the moon 🌝! 👍🏻🚀
— Tyler Winklevoss (@tylerwinklevoss) February 13, 2020
What he was referring to is the fact that the Bitcoin price has stayed above the $10K level since around 15:00 UTC on Tuesday (February 11):
Both Tyler and his brother Cameron, of course, have long been very bullish on crypto in general and Bitcoin, which they see as a much better alternative to gold as a “store of value”, in particular.
The aforementioned tweet is not the only time this year that Tyler has made a bullish comment about Bitcoin. For example, later in the same day (February 13), after he found via a CNBC report that “Tesla plans a $2 billion common stock offering,” here is the tweet he posted in response:
Bitcoin will never issue more bitcoin. https://t.co/H1Hbyaarfj
— Tyler Winklevoss (@tylerwinklevoss) February 13, 2020
He later explained this comment—after someone pointed out that new bitcoin is generated all the time as the result of work by miners—by saying that he meant that the Bitcoin network does not issue in “an unpredictable, capricious manner.”
Another person with a crypto exchange background who finds the crossing of the $10,000 level significant for Bitcoin is Balaji S. Srinivasan, a former CTO of Coinbase:
In 2009, it was unlikely that BTC would cross $100k. But conditional on BTC having *already crossed* $10k, it was more likely to cross $100k.
On Dec 1, 2019 it was unlikely the virus would cross 100k cases. But having *accelerated* past 10k, it was more likely to cross 100k. pic.twitter.com/XzFvxKZbEC
— Balaji S. Srinivasan (@balajis) February 13, 2020
According to data from CryptoCompare, at press time (12:30 UTC), Bitcoin is trading at $10,245, up 0.69% in the past 24-hour period:
Bitcoin, which currently has a market cap of $186.60 billion, has had an impressive run so far in 2020, having made a gain (against USD) of +42.45%.
Featured Image by “rkarkowski” via Pixabay.com
