Tyler Winklevoss, one of the first known Bitcoin billionaires (BTC) and the co-founder of Gemini, believes that the definitive bullish prospect for Bitcoin represents a target of $500,000.

The theory behind this long-term target for Bitcoin’s price is simple. Winklevoss believes that Bitcoin could outperform gold and become the main safe haven asset in the global market.

Given that the market capitalization of gold is estimated at $9 billion, while Bitcoin’s market capitalization is about $200 billion, this scenario could result in a price 45 times higher for cryptocurrency.

Does Bitcoin have the potential to overtake gold?

For several decades now, investors have relied on three valuable reserves: gold, oil and the US dollar. The problem, however, is that all three have distinctive weak points.

Gold and oil are difficult to transport and store, but above all they have no limited supply.

Therefore, the possible discovery of a large amount of these two assets (although the odds are very low) could negatively affect their value.

Winklevoss explained:

„Currently, gold is a reliable value reserve and the classic inflation hedge. The supply of gold is actually unknown. Even if this metal is scarce or ‚precious‘ on planet Earth, the same cannot be said for our galaxy“.

The biggest problem of the US dollar is inflation and the stability of its value. As shown by its performance over the last four months, fears about inflation and economic uncertainty can destabilize the dollar for long periods of time.

If inflation continues over the long term, Winklevoss believes that gold or Bitcoin could exceed the capital held in the banks:

„Inflation is coming. The money deposited in the bank will be overwhelmed. Money invested in assets such as real estate or equities will keep pace. Money stored in gold or bitcoin will escape disaster. And money stored in bitcoin will move faster, overtaking gold.“

With Bitcoin, inflation is not possible due to the offer limited to 21 million units. Unlike gold and oil, it will always remain scarce and is easy to transport and store. Considering these characteristics, Winklevoss is convinced that Bitcoin is „the only long-term protection against inflation“.

„It is undervalued by a multiple of 45“.
In recent months, especially following the pandemic that broke out in March, demand for digital products and currencies has grown dramatically. Concerns about inflation may intensify further after the announcement by Jerome Powell, the Chairman of the Federal Reserve, in which he confirmed the central bank’s intention to exceed its average inflation Etoro target. Indeed, Winklevoss believes that the Fed is the „main sponsor“ of Bitcoin’s value.

For example, the U.S. public company MicroStrategy recently purchased Bitcoin for a total of $250 million, with the goal of using cryptocurrency as its main treasury asset.

The rapid adoption, growing degree of institutionalization, improved infrastructure, and increased liquidity could support the bullish theory for Bitcoin’s valuation.

Winklevoss said:

„If we are right about using a gold framework to value Bitcoin, and Bitcoin continues on this path, the bullish Bitcoin scenario states that the asset is undervalued by a multiple of 45. In other words, the price of Bitcoin could multiply 45 times the level it is at today, so we could see a price of $500,000 per Bitcoin.

Wenn du Zeit im Internet verbracht hast, weißt du, dass die Leute lächerlich sind. Und im wirklichen Leben sind sie noch lächerlicher! Der Künstler Jon Rafman dokumentiert seit 2009 mit seinem Projekt 9-eyes das Absurde in Google Street View und findet weiterhin ein lächerliches Bild nach dem anderen. Hier ist ein kurzer Blick auf seine Sammlung der lustigsten Bilder von Menschen in Street View.

Tiere und Kinder die besten Motive

Es scheint mir, dass Tiere und Kinder für unglaublich lustige Situationen in Google Street View sorgen. Außerdem weißt du, dass es eine bessere Chance gibt, dass du eine reale Situation betrachtest und nicht eine Szene, die von schrulligen erwachsenen Menschen erfunden wurde, um absichtlich seltsam zu sein. Schau dir all die wilden Bilder an, die Jon Rafman hier oben ausgräbt.

Nichts bleibt verborgen

Aber das ist nicht alles, lustige Street View Bilder sind in vielfältigster Art und Weise verfügbar. Vom Sexuellen Aspekt bis hin zu den krudesten Momenten im Leben diversester Menschen auf den unterschiedlichen Kontinenten. Sei es nun Sex auf dem Highway, das ausnutzen eines abgelegenen Örtchens als Toilette oder das Ski fahren über Rasen statt Schnee. Alles gab es schon, nichts bleibt der Street View Kamera verborgen.