Bitcoin could easily secure a tenfold increase from here, according to Cameron and Tyler Winklevoss, co-founders of crypto exchange Gemini.
In a recentinterviewon CNBC’s Squawk Box, the twin entrepreneurs suggested that the premier crypto asset could climb to $1 million.
They said this while highlighting their long-held view that Bitcoin represents a modern-day version of gold.
Speaking to host Andrew Sorkin, Tyler Winklevoss discussed the progress of the past decade, noting that when Gemini launched in October 2015, Bitcoin traded around $380.
He argued that despite the growth since then,the market remains in its early stages.
Winklevoss Twins Predict a 10x Bitcoin Run
Tyler argued that if Bitcoin successfully disrupts gold’s role as a store of value, its price could rise to $1 million.
He added that he expects people will look back ten years from now and view today’s levels as still very early in the adoption cycle.
Notably,Cameron Winklevossmade similar remarks, highlighting how Gemini has expanded beyond its beginnings as a Bitcoin-only platform.
According to him, the exchange now supports more than 100 digital assets.
He called attention to Gemini’s recent work with Nasdaq onthe SEC’s Project Crypto, an initiative to bring traditional markets on-chain, which he believes represents only the beginning of broader financial transformation.
Meanwhile, when asked about the company’s differentiating factors compared to Coinbase, Cameron pointed toGemini’s credit card, introduced in May.
Specifically, the product allows customers to earn crypto rewards of up to 4% in real time on every purchase, with some merchants offering as much as 10%.
He stressed that if Bitcoin appreciates tenfold, those rewards could turn everyday purchases into free investments.
Tyler added that this allows people to continue their normal spending habits and also secure long-term financial value.
Co-host Joe Kernen then asked about Bitcoin’s long-term sustainability, particularly in terms of halvings, which reduce the supply of new coins.
Responding, Cameron explained that while there will be two more halvings over the next decade, mining revenue should continue to grow alongside price increases.
He dismissed the idea that Bitcoin must become a day-to-day transactional currency.
Instead, he believes it is important as adigital store of valuesimilar to gold.
Multiple Industry Leaders Expect Bitcoin to Reach $1M
Notably, the Winklevoss prediction is not new.
Several high-profile figures and institutions have issued similar forecasts in recent years.
For instance,Coinbase CEO Brian Armstrong has suggestedthat Bitcoin could reach $1 million by 2030, citing regulatory clarity in the U.S., growing adoption of crypto exchange-traded funds, and potential government reserves of Bitcoin as key drivers.
ARK Invest’s Cathie Woodhas presented an even more bullish scenario, projecting that Bitcoin could climb as high as $1.5 million by the end of the decade if institutional adoption accelerates.
Other prominent voices, includingRobert Kiyosaki, Arthur Hayes, Eric Trump, andSamson Mow, have also placed million-dollar price tags on Bitcoin within varying timeframes, mostly centered around 2030.
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