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Bitcoin Billionaire Winklevoss Sees Surge of as Much as 20 Fold

  • Cameron Winklevoss and his twin have staked fortune on bitcoin
  • Their Gemini exchange is set to provide data for Cboe futures
Bloomberg business news

Bitcoin Futures Start Trading on CBOE

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.

Wall Street’s plan to launch futures contracts on Sunday, making it easier to bet against the digital currency’s rally in recent months, is making some enthusiasts nervous -- but not Winklevoss. He’s one of the famed 36-year-old twins who played an early role in Facebook Inc.’s formation, then dedicated part of their fortune to the cryptocurrency and have since tried to win approval for a bitcoin trading vehicle.