Ahead of the Cryptocurrency Exchange Gemini IPO, Winklevoss Brothers issued an ambitious statement on the long-term potential of Bitcoin.
Gemini co-founder Tyler Winklevoss told CNBC's Squawk Box that Bitcoin could reach $1 million in the next decade.
“We're still in the early stages of the first round. If Bitcoin really replaces gold, we're expected to reach $1 million. Bitcoin is considered gold 2.0,” Winclevos said.
When Winklevoss Brothers founded Gemini in 2015, Bitcoin cost around $380. Today, it trades over $115,100, earning over 30,000% over the past decade.
Gemini's IPO also attracted market attention. According to Bloomberg, the company exceeds expectations at $28 per share. Gemini's valuation reached $3.3 billion after the IPO.
“We've come a long way to get to today,” said Tyler Winklevoss, reiterating his confidence in Bitcoin's future.
*This is not investment advice.
