Winklevoss twins "Bitcoin will reach $1,000,000 within 10 years… we're still at the very beginning"

The Winklevoss twins, co-founders of cryptocurrency exchange Gemini, reiterated the long-term upside potential of Bitcoin (BTC). They forecast that if it replaces gold, Bitcoin's price could rise to $1,000,000 within 10 years.

On the 12th (local time), according to U.S. business outlet CNBC, Tyler Winklevoss, Gemini co-founder, told CNBC Squawk Box in an interview, "Bitcoin is still only in the first inning," saying, "If it replaces gold assets, Bitcoin's price could reach $1,000,000 per coin within the next 10 years. We view Bitcoin as 'Gold 2.0'."

He also said, "I think it can still rise more than tenfold from the current level," adding, "In 10 years, when we look back at now, we'll say 'we were only at the beginning.'"

When the Winklevoss twins launched Gemini in 2015, Bitcoin was around $380, but it now exceeds $115,100, surging more than 30,000% over ten years.

The outlet said, "These remarks came ahead of Gemini's initial public offering (IPO)," adding, "Gemini set the offering price at $28 per share the previous day, which is above the initially proposed range of $24–26." Gemini's corporate value is estimated at about $3.3 billion.