Cameron and Tyler Winklevoss, known as the Winklevoss twins, spoke on CNBC’s “Squawk Box” about their view that Bitcoin could reach one million dollars per coin within the next decade. They compared Bitcoin to gold, calling it Gold 2.0, and said that the cryptocurrency still has much room to grow. Tyler explained that when they started Gemini in 2015, Bitcoin was trading at around $380. He believes that the market is still at the beginning, using the baseball example of being in the first inning. He added that Bitcoin could rise ten times from its current levels if it continues to disrupt gold as a store of value. He thinks that in ten years many people will look back and realize how early the market still was.
Their company, Gemini, just entered the U.S. stock market with an initial public offering on the Nasdaq under the ticker GEMI. The IPO drew strong investor demand. Gemini priced its shares at $28 each, above the expected range of $24 to $26, giving the company a valuation of about $3.3 billion. Tyler Winklevoss said during the CNBC interview that Gemini has come a long way since its founding. Demand for Gemini shares far outstripped supply, with people familiar with the sale telling Bloomberg that there were more than twenty times the number of orders for shares available. Because of this, Gemini and its bankers capped the proceeds at $425 million even though the company could have raised more than $433 million. The IPO also included a $50 million private placement from Nasdaq itself, which was first reported by Reuters.
The Gemini IPO followed a series of other crypto-related listings on U.S. markets. Earlier in the week, Figure Technology raised $787.5 million in an upsized sale. CoinDesk owner Bullish and stablecoin issuer Circle also held offerings earlier in the year. These deals show how investors are driving up crypto listings, helped by new regulatory moves under President Donald Trump’s White House. More companies are adopting crypto, and inflows from exchange-traded funds, or ETFs, continue to increase. These factors pushed the total crypto market value above four trillion dollars. For many investors, the Gemini IPO signals growing trust in crypto companies and their ability to attract capital on Wall Street.
Gemini’s IPO was led by Goldman Sachs and Citigroup, who managed the offering through the heavy demand. Investors see this as another step in the link between crypto and traditional finance. By trading under the GEMI ticker on Nasdaq, Gemini joins a group of crypto companies bringing digital assets closer to mainstream markets. For people who follow Bitcoin, this is another sign of the sector’s growth. The strong IPO demand shows that interest in crypto stocks is not just from retail traders but also from large institutions.
The Winklevoss twins continue to link their Bitcoin forecast with the debut of their exchange. Their view is that Bitcoin is a better version of gold, and they believe it will take market share from the precious metal. If Bitcoin reaches one million dollars per coin, it would mean a massive gain compared to today’s price. The idea of Bitcoin disrupting gold has been discussed in financial circles for years. Supporters point out that Bitcoin is easier to move, easier to divide, and harder to counterfeit than gold. Critics argue that gold has a history of thousands of years as money, while Bitcoin has only existed since 2009. Still, the phrase Bitcoin Gold 2.0 has gained attention, and the Winklevoss twins have become known for repeating it.
For an enthusiast audience, it helps to know how IPOs like Gemini’s work. An IPO, or initial public offering, is when a private company sells shares to the public for the first time. This allows everyday investors and institutions to buy a piece of the company. The price is set by the company and its bankers after looking at demand. If demand is strong, the price can be higher than expected, as was the case with Gemini. A capped proceed means that even if more money could be raised, the company chooses to limit the total to keep control over its capital structure. This decision can help manage investor expectations and avoid overselling shares.
Bitcoin itself has seen major changes since the Winklevoss twins first bought it. They became known for investing in Bitcoin early, and their predictions often get attention because of their history with crypto. Their claim that Bitcoin could rise to one million dollars within ten years is tied not only to its comparison to gold but also to growing acceptance in mainstream finance. The growth of ETFs, the role of Wall Street banks like Goldman Sachs and Citigroup, and listings like Gemini’s all support the idea that Bitcoin and other cryptocurrencies are becoming part of the regular financial system. Crypto ETFs in particular have helped bring more institutional money into the sector, while retail investors continue to see Bitcoin as a hedge against inflation and as a long-term store of value.
The market also follows other digital assets. Solana, XRP, and Hedera are among the coins that investors watch, especially as talk grows of ETFs tied to them. The possible listing of Solana ETFs, XRP ETFs, or Hedera ETFs on platforms like DTCC sparks more interest. Each new step like this adds to the sense that digital assets are becoming more permanent in markets. The combination of Bitcoin price predictions, strong IPOs, and the rise of new ETFs builds momentum for the entire crypto sector. For many people, the Gemini IPO is not just about one company but about the wider story of crypto adoption in the U.S. and beyond.
The Winklevoss brothers believe that today’s moment is still early. Their forecast of Bitcoin reaching one million dollars is bold, but it is backed by their view that the cryptocurrency will replace gold as the top store of value. Investors who follow Gemini, Bitcoin, or the broader market now have more ways to take part, whether through buying shares of crypto companies, trading ETFs, or holding Bitcoin itself. With strong IPO demand, regulatory support, and continued growth in adoption, the story of Bitcoin and Gemini shows how crypto is moving from the edges of finance to its center.
