Cameron Winklevoss, most well-known for intellectual property lawsuit against Mark Zuckerberg, said he believes each Bitcoin will pass $40,000, iNVEZZ.com reported. Moreover, Winklevoss said it could be much larger.
The entrepreneur Cameron Winklevoss and his twin brother Tyler have created the trust fund dealing in virtual Bitcoin currency. Papers for the initial public offering were already filed, but the final decision is still pending.
Winklevoss also spoke of Bitcoins' value after the closure of the popular dark web marketplace, The Silk Road. He said it resulted in price gains that demonstrate how the demand for BTC has little to do with illicit transactions (The Silk Road is popular narcotics website).
Winklevoss believes in the long-term growth of Bitcoins value, thus sometimes ignoring its daily exchange rates. He highlighted that the recent fluctuation of the virtual currency on the market mattered little and despite these swings, he sold no Bitcoins yet.
Bitcoin has been hovering around $1,000 rising fourfold during the last month. Despite significant volatility in recent months, its exchange rate has an overall upward trend.