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The Winklevoss twins think bitcoin could 'go up another 20 times' and trounce gold

Brothers Cameron and Tyler Winklevoss talk to each other as they attend New York State Department of Financial Services virtual currency hearing in Manhattan borough of New York (Credit: Thomson Reuters)

  • The Winklevoss twins think bitcoin could appreciate 20 times and trounce gold.
  • Others say the cryptocurrency is in a bubble.

Traders in the new bitcoin futures market appear bullish on the red-hot coin.

Contracts for the January futures contract on Cboe Global Markets were trading well-above the spot market for bitcoin, at over $17,500 a coin on Monday.

But most traders are nowhere near as bullish as the Winklevoss twins. Tyler and Cameron Winklevoss, whose bitcoin holdings are worth more than $1 billion, told Fox Business Mondaythe coin could reach well above $300,000 a coin.

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