Forward of the Cryptocurrency Alternate Gemini IPO, Winklevoss Brothers issued an formidable assertion on the long-term potential of Bitcoin.
Gemini co-founder Tyler Winklevoss informed CNBC’s Squawk Field that Bitcoin may attain $1 million within the subsequent decade.
“We’re nonetheless within the early phases of the primary spherical. If Bitcoin actually replaces gold, we’re anticipated to succeed in $1 million. Bitcoin is taken into account gold 2.0,” Winclevos stated.
When Winklevoss Brothers based Gemini in 2015, Bitcoin value round $380. As we speak, it trades over $115,100, incomes over 30,000% over the previous decade.
Gemini’s IPO additionally attracted market consideration. In keeping with Bloomberg, the corporate exceeds expectations at $28 per share. Gemini’s valuation reached $3.3 billion after the IPO.
“We have come a protracted technique to get to as we speak,” stated Tyler Winklevoss, reiterating his confidence in Bitcoin’s future.
*This isn’t funding recommendation.
