Bitcoin can easily secure a 10x increase from here, according to Cameron and Tyler Winklevoss, co-founders of Crypto Exchange Gemini.
recently Interview At CNBC’s Squawk Box, the twin entrepreneur proposed that the best crypto assets could rise to $1 million. They said this, but emphasizes the longstanding view that Bitcoin represents a modern version of gold.
Speaking to host Andrew Sorkin, Tyler Winclevos discussed progress over the past decade, noting that when Gemini was launched in October 2015, Bitcoin traded about $380. Despite his growth ever since, The market remains in its early stages.
He called attention to Gemini’s recent work with Nasdaq. SEC project cryptographyan initiative that brings traditional markets on-chain, and we believe this is just the beginning of a broader financial change.
Meanwhile, when asked about the company’s differentiator compared to Coinbase, Cameron was Gemini Credit CardsIt was introduced in May. Specifically, the product allows customers to earn up to 4% crypto rewards in real time for each purchase, while some merchants offer 10%.
He emphasized that if Bitcoin is 10 times more grateful, those rewards can turn everyday purchases into free investments. Tyler added that this will allow people to continue their normal spending habits and ensure long-term financial value.
Co-host Joe Kernel then asked about Bitcoin’s long-term sustainability, especially in terms of halving, which reduces the supply of new coins.
In response, Cameron explained that there will be two more hullings over the next decade, but mining revenues should continue to increase with prices rising. He dismissed the idea that Bitcoin must become a daily trading currency. Instead, he believes it is important Value digital store It’s similar to gold.
Multiple industry leaders hope Bitcoin reaches $1 million
In particular, Winklevoss’ predictions are not new. In recent years, several well-known figures and institutions have issued similar predictions.
for example, Coinbase CEO Brian Armstrong proposed That Bitcoin could reach $1 million by 2030, citing clarity of regulations in the US, increased adoption of crypto exchange trade funds, and potential government reserves of Bitcoin as a major driver.
Ark Invest’s Cathie Wood It presents a more bullish scenario, predicting that if institutional adoption accelerates, Bitcoin could reach $1.5 million by the end of the decade.
Other prominent voices including Robert KiyosakiArthur Hayes, Eric Trump, and Samson MoWe also placed a $1 million price tag on Bitcoin within various time frames. This is mainly focused on 2030.
