Today's Hard|Forum Post
Today's Hard|Forum Post

Tuesday April 15, 2014

Winklevoss: Bitcoin Payment System Worth $400B

Hey, did you guys know that the bitcoin payment system is worth $400 billion? Who told me that? Why, the Winklevoss twins did! That would make bitcoins worth about $32,000 each. big grin

The most widely known estimate of its intrinsic value is $400 billion, made November 2013, by the Winklevoss twins Cameron and Tyler at the "New York Times" Dealbook Conference. At that valuation, Bitcoin would be worth 70 times its current value of $5.7 billion. That’s based on an April 8, 2014 price of $453 per coin for the 12,620,475 bitcoins in circulation. Clearly, there’s a long way to go to reach $400 billion.