PORTLAND: Cameron Winklevoss, thought to be one of the largest holders of bitcoin, thinks the cryptocurrency’s blazing gains this year are just the start. He predicts it will rise as much as 20-fold as investors come to view it as an upgrade to gold. Winklevoss bases his price projection on the market value of gold, which he pegged at about US$6 trillion and others calculate at closer to US$7.5 trillion. “We think that bitcoin is a gold disruptor,” Winklevoss said in a telephone interview last Friday, predicting it may yet appreciate by 10 to 20 times its current value. — Bloomberg

Source: The Star December 10, 2017 21:00 UTC