Winklevoss twins: “Bitcoin headed to $1 million within 10 years…we’re still in the early innings”

The Winklevoss twins, co-founders of crypto exchange Gemini, reiterated Bitcoin’s (BTC) long-term upside potential, saying it could climb to $1 million within a decade if it replaces gold.

According to U.S. business outlet CNBC on the 12th (local time), Gemini co-founder Tyler Winklevoss said in a CNBC Squawk Box interview that “Bitcoin is still only in the first inning,” adding, “If it displaces gold as an asset, Bitcoin could reach $1 million per coin over the next 10 years. We view Bitcoin as ‘Gold 2.0.’”

He also said he believes it can still rise more than tenfold from here, adding that “when we look back from 10 years out, we’ll say, ‘it was still the early days.’”

When the twins launched Gemini in 2015, Bitcoin was around $380, but it now tops $115,100—up more than 30,000% over the past decade.

CNBC noted the remarks come ahead of Gemini’s initial public offering (IPO), adding that Gemini set its IPO price the previous day at $28 per share, above the initially indicated $24–$26 range. Gemini’s equity value is estimated at about $3.3 billion.