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Cameron Winklevoss, cofounder of the crypto exchange Gemini, is optimistic about the future of Bitcoin (BTC). Cameron commented on the latest Bitcoin price drop below the $90,000 mark, amid heavy market liquidations.
Cameron Winklevoss bullish on Bitcoin
"This is the last time you'll ever be able to buy Bitcoin below $90k!" Cameron stated in an X post.
For the first time in about seven months, the price of Bitcoin fell below $90,000, erasing most of its gains from earlier in the year. This triggered volatility amid broader market concerns like interest rate hikes and macroeconomic pressures.
At its core, the comment from Winklevoss is a strongly bullish prediction disguised as a warning. He thinks the current Bitcoin price below $90,000 is a rare, fleeting discount.
Cameron Winklevoss is optimistic that BTC will not come back down once it breaks above this level, sustainably. He expects the leading coin to climb to much higher valuations in the short and long term.
This kind of bold, urgent call is classic Winklevoss. Cameron and his twin brother, Tyler, are vocal Bitcoin maximalists. They have been predicting massive upside for Bitcoin since the early days, often framing dips as opportunities to buy.
Just a few days ago, Tyler reiterated his prediction that the BTC price could reach $1 million in the next 5-10 years. Alongside his prediction, he announced Cypherpunk, a new company focused on privacy and digital ownership, backed by over $50 million from Winklevoss Capital.
More bullish Bitcoin predictions
Historically, the Bitcoin price action often follows a pattern of sharp corrections followed by explosive recoveries.
Winklevoss is implying that this dip mirrors decision points from past cycles, where lows became launchpads for new all-time highs.
He is betting that institutional inflows and global liquidity will propel it upward without revisiting the $90,000 level.
Meanwhile, Winkevoss is just one of the industry leaders who have raised optimistic BTC targets. In a recent U.Today report, VanEck CEO Jan van Eck opined that investors should hold both Bitcoin and gold to maintain a portfolio balance.
As of press time, Bitcoin is trading at $90,743, down 5.3% over the past 24 hours. Within this period, the market cap dropped to $1.8 trillion. However, the trading volume has jumped 55.4% to $116.4 billion, suggesting increased market activity.
Dan Burgin
Vladislav Sopov
U.Today Editorial Team