Speaking ahead of the IPO of cryptocurrency exchange Gemini, the Winklevoss brothers made ambitious statements about the long-term potential of Bitcoin.
Gemini co-founder Tyler Winklevoss told CNBC's Squawk Box that Bitcoin could reach $1 million within the next decade.
“We're still in the early stages of the first round. If Bitcoin truly displaces gold, we expect it to reach $1 million. We see Bitcoin as Gold 2.0,” Winklevoss said, noting that there's potential for at least a 10-fold upside from current levels.
When the Winklevoss brothers founded Gemini in 2015, Bitcoin's price was around $380. Today, it trades above $115,100 and has gained more than 30,000% in the last 10 years.
Gemini's IPO also attracted market attention. According to Bloomberg, the company priced at $28 per share, exceeding expectations. Post-IPO, Gemini's valuation reached $3.3 billion.
“We’ve come a long way to get to this day,” said Tyler Winklevoss, reiterating his confidence in Bitcoin’s future.
*This is not investment advice.
