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.
$0 Shiba Inu Twist Puts Bears in Vanish Mode, What’s Coming For SHIB?
2 hour ago
Tron’s gas fee reduction cuts daily revenue by 64% in 10 days
2 hour ago
Bitcoin miner accumulation reaches pace not seen since 2023: Are new BTC highs next?
2 hour ago
Blockstream sounds the alarm on new email phishing campaign
2 hour ago
3 Low-Cap Altcoins Seeing Major Accumulation as Altcoin Season Heats Up
2 hour ago
Inside the Hyperliquid stablecoin race: The companies vying for USDH
2 hour ago