BITCOIN
Valuation method used by the Winklevoss twins to predict Bitcoin price
In December 2017, the Winklevoss twins became the world’s first “bitcoin billionaires”.
With a Bitcoin exceeding $19,000 USD, many traders and investors decided to sell their Bitcoins. But the Winklevoss twins didn’t, as they think that the Bitcoin price will increase another 20 times.
At Slidebooks Consulting, we decided to analyze in more detail the valuation method the Winklevoss brothers are using to justify their bold prediction.
What are their key rationales:
If we put these numbers into a simple histogram chart, we have:
Of course it is important to take these numbers with a pinch of salt. It is difficult for the Winklevoss twins to be totally impartial in their analysis when most of their fortune has been invested in Bitcoin.
