The Winklevoss twins claim "If you can't see bitcoin at $320,000, you just lack imagination."
"Cryptocurrencies aren't really important for human-to-human transactions... but when machines-to-machines trade economic value, they are going to plug into protocols like bitcoin and ethereum," he explained to CNBC. "
His brother, Cameron, says bitcoin will one day be worth 40 times today's price, which is currently just over $8,000, thanks to a double-digit rally.
"We believe bitcoin disrupts gold. We think it's a better gold if you look at the properties of money. And what makes gold gold? Scarcity," Cameron said. "Bitcoin is actually fixed in supply so it's better than scarce … it's more portable, its fungible, it's more durable. It's sort of equals a better gold across the board. We think regardless of the price moves in the last few weeks, it's still a very underappreciated asset."
Neither Cameron nor his brother put a specific timeline on the prediction during the chat, but they did say they're taking the 10-to-20 year view.