‘It Could Happen Very Quickly—Crypto Bulls Issue Huge ‘10x Price Prediction Amid Wild Bitcoin And Ethereum Swings

Bitcoin: BTC: , Ethereum and cryptocurrency prices have fluctuated wildly in recent weeks, which could be the start of a cryptocurrency crackdown in the US.

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Bitcoin prices rallied after a big selloff when Congress introduced a cryptocurrency bill that could drastically change the rules of the game for bitcoin and ethereum.

Michael Saylor, founder of now the world's largest corporate bitcoin holder, has joined the Winkleves twins in predicting that bitcoin will break out of its current bear market, which could happen "very soon."

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"I'm sure crypto exchanges will realize that Bitcoin is indeed the dominant asset in this space and that their business models are better if Bitcoin goes up by 10," Sailor told Bloomberg , predicting Bitcoin's dominance. Bitcoin's market weight could increase from the current 50% to 80% compared to Ethereum and smaller cryptocurrencies.

Sailor hopes that crypto exchanges and trading platforms will rally around Bitcoin after the Securities and Exchange Commission (SEC) sued two of the largest exchanges, Binance and Coinbase, this month.

"The entire industry will be a bitcoin-based industry, with about half a dozen or so tokens proving work," Saylor said.

Meanwhile, Cameron and Tyler, the Winkleves billionaire twins who turned to bitcoin and cryptocurrency after co-founding Facebook, said they still expect the price of bitcoin to 'crush' the gold market, predicting it will eventually rise. At $500,000 per bitcoin, it has a market capitalization of nearly $10 trillion.

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"If you look at the growth in the value of bitcoin, this balance point is stable, stable, stable," Cameron Winklevoss told The National earlier this month. “And then it hits a new boom price level. This is the new normal. So it can happen very quickly."

Bitcoin, Ethereum, and other cryptocurrency prices have soared over the winter, which has wreaked havoc on major crypto companies and exchanges over the past year.

"This will be the best investment of the decade," said Cameron Winkleves. "Bitcoin is like a badger with honey. What doesn't kill you makes you stronger. And I've been through a lot."

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