By CCN Markets: The bitcoin price is rising, and Tyler Winklevoss thinks it could see significant gains if it can break through the $10,000 point. The co-founder of the Gemini exchange posted on Twitter that if the world’s highest-valued cryptocurrency moves past that price, it could shoot further to reach $15,000. He tweeted:
“If bitcoin breaks 10k, you can bet it’s going to break 15k.”
Bitcoin Has Momentum on Its Side
Bitcoin has seen modest gains in recent months. It has moved from lows of nearly $3,200 in December 2018 to jumping past the $9,000 mark in June.
It’s a big turnaround from November 2018. At that stage, crypto analysis blog Skew claimed there was only a 19% chance that the price could reach $10,000 in June 2019.
Tyler Winklevoss is not the only person to predict further rises. Fundstrat Co-Founder Thomas Lee claimed this week that the price will “easily take out” the all-time high of $20,000. Analyst Oliver Isaacs told The Independent that the price could jump to $25,000 by year-end or early next year.
But even as Bitcoin already shows signs of recovery, speculation is building that other movements in the cryptocurrency space could push the price up further. Investor Max Keiser claimed this week that the launch of Facebook’s Libra could push bitcoin’s price beyond its all-time high. Keiser described CEO Mark Zuckerberg as “Satoshi’s useful idiot.” Circle CEO Jeremy Allaire made a similar prediction this month,