Cameron and Tyler Winklevoss, the billionaire twins behind the cryptocurrency exchange Gemini, are sticking to their optimistic view of Bitcoin as their company went public on Friday.
In a segment on CNBC’s Squawk Box on Friday, co-founder Tyler Winklevoss said that he believes Bitcoin could reach $1 million per coin in the next 10 years and he referred to it as “gold 2.0.”
At the time the twins opened Gemini in 2015, Bitcoin was only at $380, and it was last $115,100 per coin, for a roughly 30,000% increase over the last decade.
The twins say that Bitcoin is still just getting started, and adoption has upside, led by direct purchases of Bitcoin, ETFs, and corporate treasury investments.
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“It’s still very much the bottom of the first inning because we see bitcoin trading at $1 million a bitcoin, if it disrupts gold,” Tyler said. “And we think Bitcoin is gold 2.0. There’s easily a 10x from here.”
Bitcoin, which was trading at just $380 when the brothers started Gemini in 2015, was last at more than $115,100 per coin, a gain of more than 30,000% over the past ten years.
The twins say the asset is still early in its adoption curve with upside potential from direct purchases, ETFs, and corporate treasury allocations.
The forecast came out around the time Gemini’s IPO launched onto Nasdaq on September 12 at $28 per share, ahead of its expected $24–$26 range and valuing the company at approximately $3.3 billion.
The co-founders of Gemini provided a detailed description of a vision for the future of crypto, including their plans to bring traditional markets on-chain via partnerships, such as their partnership with Nasdaq.
They offered a vision of a “super app” that could manage all of your financial assets through digitized technology, and suggested institutional custody services similar to those AWS provides for business infrastructure.
“We don’t think it’s a winner-take-all market,” Tyler added. “At $100,000 per Bitcoin, we’re only one-tenth of the way to a million. There’s so much growth opportunity in the space.”
This story was originally reported by TheStreet on Sep 13, 2025, where it first appeared in the MARKETS section. Add TheStreet as a Preferred Source by clicking here.
