‘Bottom of the first inning.’ Winklevoss twins see bitcoin reaching $1,000,000 in 10 years

Markets 2025-10-31 15:48

‘Bottom of the first inning.’ Winklevoss twins see bitcoin reaching ,000,000 in 10 years

The Winklevoss twins, whose cryptocurrency company Gemini Space Station is going public, don’t expect bitcoin’s rally will stop anytime soon. In fact, they expect the cryptocurrency will reach $1 million over the next decade.

“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,” Gemini co-founder Tyler Winklevoss told CNBC’s “Squawk Box” on Friday. “And we think Bitcoin is gold 2.0.”

“We think there’s easily a 10x from here. It’s still really early. And I think we’ll be sitting here 10 years from now looking back and saying, ‘Wow, today was really early,’” Tyler continued. “I think few people actually listened back then, so hopefully more people listen today.”

Bitcoin has skyrocketed since the Winklevoss twins first launched Gemini in 2015, when the price of bitcoin was at $380. It was last trading above $115,100 per coin, a more than 30,000% increase over the past decade.

Bitcoin, year to date

The Winklevoss twins made their appearance ahead of Gemini’s initial public offering, which was priced at $28 per share late Thursday, according to Bloomberg. A person familiar with the offering told the news service that the company priced the offering above its expected range of $24 to $26, which would value the company at $3.3 billion.

“We’ve come a long way,” Gemini co-founder Tyler Winklevoss told CNBC’s “Squawk Box” on Friday.

Share to:

This content is for informational purposes only and does not constitute investment advice.

Curated Series

XRP News and Research

XRP News and Research

This series focuses on XRP, covering the latest news, market dynamics, and in-depth research. Featured analysis includes price trends, regulatory developments, and ecosystem growth, providing a clear overview of XRP's position and potential in the cryptocurrency market.

SuperEx Popular Science Articles Column

SuperEx Popular Science Articles Column

This collection features informative articles about SuperEx, aiming to simplify complex cryptocurrency concepts for a wider audience. It covers the basics of trading, blockchain technology, and the features of the SuperEx platform. Through easy-to-understand content, it helps users navigate the world of digital assets with confidence and clarity.

How do beginners trade options?How does option trading work?

How do beginners trade options?How does option trading work?

This special feature introduces the fundamentals of options trading for beginners, explaining how options work, their main types, and the mechanics behind trading them. It also explores key strategies, potential risks, and practical tips, helping readers build a clear foundation to approach the options market with confidence.

What are the risks of investing in cryptocurrency?

What are the risks of investing in cryptocurrency?

This special feature covers the risks of investing in cryptocurrency, explaining common challenges such as market volatility, security vulnerabilities, regulatory uncertainties, and potential scams. It also provides analysis of risk management strategies and mitigation techniques, helping readers gain a clear understanding of how to navigate the crypto market safely.

Bitcoin historical price data and trends

Bitcoin historical price data and trends

This special feature gathers multiple articles on Bitcoin’s historical price data, analyzing past trends, market cycles, and key events that shaped its value. It also explores factors influencing price movements, providing readers with insights into Bitcoin’s long-term performance and market patterns.