As Gemini prepared for its debut on the public markets, co-founders Cameron and Tyler Winklevoss used the occasion to underline their long-term vision for Bitcoin.
Speaking on CNBC, Tyler argued that the cryptocurrency remains only at the beginning of its growth curve and could rise to $1 million within the next decade if it continues to challenge gold as a store of value.
The twins, who launched Gemini back in 2015 when Bitcoin traded for just $380, framed the asset as “Gold 2.0.” Tyler noted that if Bitcoin ultimately captures the role gold has historically played, a tenfold increase from today’s levels would not be unrealistic.
Bitcoin currently changes hands above $115,000, marking a gain of more than 30,000% over the past ten years.
The IPO of Gemini itself added momentum to the news cycle. Bloomberg reported that shares were priced at $28, beating expectations and giving the exchange a valuation of about $3.3 billion at launch.
Tyler Winklevoss described the milestone as the result of years of building and said the listing would give Gemini an even stronger foundation for growth in the years ahead.
For the Winklevoss brothers, Gemini’s market debut is as much about cementing their role in the financial system as it is about celebrating Bitcoin’s progress. “We’ve come a long way to get to this day,” Tyler remarked, pointing to both Gemini’s rise and Bitcoin’s enduring appeal among investors seeking alternatives to traditional assets.
The information provided in this article is for educational purposes only and does not constitute financial, investment, or trading advice. Coindoo.com does not endorse or recommend any specific investment strategy or cryptocurrency. Always conduct your own research and consult with a licensed financial advisor before making any investment decisions.
Alex is an experienced financial journalist and cryptocurrency enthusiast. With over 8 years of experience covering the crypto, blockchain, and fintech industries, he is well-versed in the complex and ever-evolving world of digital assets. His insightful and thought-provoking articles provide readers with a clear picture of the latest developments and trends in the market. His approach allows him to break down complex ideas into accessible and in-depth content. Follow his publications to stay up to date with the most important trends and topics.
Source: https://coindoo.com/mega-bullish-bitcoin-price-prediction-from-gemini-founders/