The Daily Hodl
  • FEATURES
    • News
    • Bitcoin
    • Ethereum
    • Altcoins
    • Financeflux
    • Trading
    • NFTs
    • Blockchain
    • Futuremash
    • Regulators
    • Scams, Hacks & Breaches
  • HODLX
    • Latest Stories
    • FAQ
    • Submit Guest Post
  • INDUSTRY ANNOUNCEMENTS
    • Latest
    • Press Releases
    • Chainwire
    • Sponsored Posts
    • Submit Your Content
  • CRYPTO MARKETS
  • SUBMIT
    • Guest Post
    • Press Release
    • Sponsored Post
    • Advertise
No Result
View All Result
  • FEATURES
    • News
    • Bitcoin
    • Ethereum
    • Altcoins
    • Financeflux
    • Trading
    • NFTs
    • Blockchain
    • Futuremash
    • Regulators
    • Scams, Hacks & Breaches
  • HODLX
    • Latest Stories
    • FAQ
    • Submit Guest Post
  • INDUSTRY ANNOUNCEMENTS
    • Latest
    • Press Releases
    • Chainwire
    • Sponsored Posts
    • Submit Your Content
  • CRYPTO MARKETS
  • SUBMIT
    • Guest Post
    • Press Release
    • Sponsored Post
    • Advertise
No Result
View All Result
The Daily Hodl
No Result
View All Result

Here’s What Will Bring Bitcoin to Half a Million Dollars, According to Tyler and Cameron Winklevoss

by Daily Hodl Staff
August 29, 2020
in Bitcoin

Tyler and Cameron Winklevoss, the co-founders of crypto exchange Gemini, believe that Bitcoin is tremendously undervalued as long as it trades below $500,000.

In a lengthy blog post, the Winklevoss twins elaborately explain how the monetary policies of the US government and Federal Reserve have made the prospects of hyperinflation very likely. The Bitcoin entrepreneurs say US debt could swell to $29 trillion in 2021 from $22 trillion at the start of the year. The twins also point out that in an effort to monetize debt, the Fed has significantly grown its balance sheet from around $2 trillion in 2010 to over $7 trillion this year.

Source: Winklevoss Capital

With the emergence of Covid-19, the Winklevoss twins say the world is now facing a mountain of debt.

“From 2009 to 2019, the U.S. debt-to-GDP ratio swelled from 83% to 106% –post-COVID it’s on track to hit 135% by September of this year. To bottom-line this, the U.S. debt-to-GDP ratio will grow more this year than it did over the entire prior decade. China’s debt-to-GDP ratio was 300% entering COVID and has grown to 318% as of Q1 2020. The rest of the world is not faring any better.”

While there are several options to deal with the massive debt, the BTC magnates note that the government will likely pursue a strategy that will reduce the value of the US dollar through inflation.

“When a central bank elects to pursue a soft default strategy, it targets a particular inflation rate and proceeds to print enough money to hit it. Once reached, this target inflation rate reduces a government’s debt obligations by the same rate.”

As inflation rears its ugly head, the Winklevoss twins predict that investors will seek refuge in store-of-value (SOV) assets.

Although gold is the tried and tested hedge against inflation, the early BTC investors point out that the precious metal is inferior compared to Bitcoin in many aspects, including supply and portability. Gold’s supply may be scare on Earth but it is abundant in outer space. Also, gold can be very difficult to move in times of crisis.

Meanwhile, BTC’s supply is forever fixed at 21 milllion. The king crypto can also easily be transferred anywhere around the globe 24/7.

Source: Winklevoss Capital

Because of BTC’s advantages, the twins believe that the top cryptocurrency will cannibalize gold’s market cap of $9 trillion.

“If we are right about using a gold framework to value Bitcoin, and Bitcoin continues on this path, then the bull case scenario for Bitcoin is that it is undervalued by a multiple of 45. Said differently, the price of Bitcoin could appreciate 45x from where it is today, which means we could see a price of $500,000 U.S. dollars per Bitcoin.”

 
Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
Submit a Press Release

Industry Announcements

  • MultiBank Group to List MBG Token on Gate.io and MEXC During Official Token Generation Event
    July 18, 2025
  • GSR Leads $100M Private Placement into Nasdaq-listed MEI Pharma to Launch First Institutional Litecoin Treasury Strategy Alongside Charlie Lee
    July 18, 2025
  • KuCoin Launches xStocks, Delivering a One-Stop Access Point to Top Global Tokenized Equities
    July 18, 2025
  • PlayW3 Unleashes ‘Be the Boss,’ a New On-Chain Business Model That Turns Creators Into Owners – Over $320,000 Already Paid Out
    July 17, 2025
  • Streamex (BSGM) CEO Henry McPhie Highlights BSGM Merger and RWA Tokenization Strategy in Live TV Interview
    July 17, 2025
  • Numerai Announces $1 Million Strategic Buyback of NMR
    July 17, 2025
  • Bit Origin Secures $500 Million Equity and Debt Facilities To Launch Dogecoin Treasury
    July 17, 2025
Submit a Guest Post
ADVERTISEMENT
Bitcoin
$117,799.56
$117,799.56
0.74%
Ethereum
$3,566.45
$3,566.45
4.83%
BNB
$738.87
$738.87
2.85%
Solana
$177.33
$177.33
2.44%
XRP
$3.39
$3.39
3.9%

Spotlight

  • Bitcoin Primed for the Next Major Parabolic Advance, Says Crypto Analyst Kevin Svenson – Here Are His Targets
    July 11, 2025
  • Trader Outlines Catalysts That Could Trigger 350% Bitcoin Rally, Updates Outlook on Ethereum and Avalanche
    July 11, 2025
  • ‘This Could Very Well Be the Ultimate Bull Trap’ – Trader Issues Urgent Crypto Warning As Bitcoin Blasts Past $118,000
    July 11, 2025
  • Banks With One ‘Deficient’ Rating Could Still Be Considered ‘Well Managed’ Under New Federal Reserve Proposal
    July 11, 2025
DON'T MISS A BEAT
Crypto headlines delivered daily
to your inbox
BTC, ETH, XRP news alert options
By joining The Daily Hodl news list you agree to our
Terms and Conditions and Privacy Policy.
Featured Image: Shutterstock/Billion Photos

Covering the future of finance, including macro, bitcoin, ethereum, crypto, and web 3.

Categories

Bitcoin • Ethereum • Trading •
Altcoins • Futuremash • Financeflux •
Blockchain • Regulators • Scams •
HodlX • Press Releases

 

ABOUT US | EDITORIAL POLICY | PRIVACY POLICY
TERMS AND CONDITIONS | CONTACT | ADVERTISE

JOIN US ON TELEGRAM

JOIN US ON X

JOIN US ON FACEBOOK

COPYRIGHT © 2017-2025 THE DAILY HODL

No Result
View All Result
  • FEATURES
    • News
    • Bitcoin
    • Ethereum
    • Altcoins
    • Financeflux
    • Trading
    • NFTs
    • Blockchain
    • Futuremash
    • Regulators
    • Scams, Hacks & Breaches
  • HODLX
    • Latest Stories
    • FAQ
    • Submit Guest Post
  • INDUSTRY ANNOUNCEMENTS
    • Latest
    • Press Releases
    • Chainwire
    • Sponsored Posts
    • Submit Your Content
  • CRYPTO MARKETS
  • SUBMIT
    • Guest Post
    • Press Release
    • Sponsored Post
    • Advertise

© 2025 The Daily Hodl