A rise in Bitcoin's price to $500,000 is inevitable, say the Winklevoss twins. They themselves, however, don't know when it will happen. They do note, however, that large investors are slowly starting to enter the cryptocurrency market. Winklevoss brothers: bitcoin will be $500,000 each The founders of the US cryptocurrency exchange Gemini, Tyler and Cameron Winklevoss, have now said that Bitcoin (BTC) will eventually reach a rate of $500,000. They got onto this topic during a recent interview with Peter McCormack. "Our question is not whether [the BTC exchange rate] will get to $500,000, but how soon[ that will happen]," - Tyler said. "I would even argue that [expecting] bitcoin to be at $500,000 is actually a pretty conservative [approach], because the game [for that] hasn't even really started," - Cameron, meanwhile, noted. Big players are just starting to invest in BTC It's worth noting that companies like MicroStrategy and Square have only now started buying BTC. However, this is still a step or two down to the level of giants like Apple, Tesla and Microsoft. "What if every Fortune 100 or 500 company does it [i.e. buys BTC]? What if the central banks themselves start doing it?" - Cameron also asked. Hence his conclusion that the real mega bull market in cryptocurrencies "hasn't started yet." "Wall Street isn't really there [in this market] yet. Institutions are not sitting in Bitcoin yet. It's been a retail phenomenon for the last decade. So Wall Street is talking about it, they're aware that [there is] Bitcoin, but from our perspective they're not really doing it [i.e., buying BTC in significant quantities] yet, but it's starting to happen slowly," - He added. Tyler also said that he and his brother started buying BTC in 2012. You can always check the current exchange rate of bitcoin and other cryptocurrencies at bitcoin.co.uk. Places where you can buy Bitcoin and other cryptocurrencies include BitBay.net cryptocurrency exchange. If you don't have an account on BitBay yet, this article will show you how you can create one efficiently: LINK. Tags Winklevoss brothers bitcoin exchange rate Tyler Winklevoss
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