Bank of Korea Sees No Reason for Central Bank Digital Currency
February 6, 2020 143 Views
Bank of Korea sees no need to generate a Central Bank Digital Currency (CBDC), an…
Winklevoss Twins Predict Bitcoin to Hit $1 Million in 10 Years, Secure $3.3 Billion Valuation for Gemini
The Winklevoss twins, renowned for their involvement in the cryptocurrency industry, have recently made bold predictions regarding the future of Bitcoin. According to Cameron and Tyler Winklevoss, the co-founders of Gemini Trust Co., Bitcoin's value is set to soar exponentially in the coming decade. The twins, who are on the brink of taking their company public, anticipate that Bitcoin could reach an astonishing $1 million per coin within the next ten years.
During the Bitcoin 2025 conference held in Las Vegas, Nevada, the Winklevoss twins expressed their bullish outlook on Bitcoin's future performance. Cameron Winklevoss, who serves as the president of Gemini Trust Co., and Tyler Winklevoss, the CEO of the company, discussed their long-term perspective on Bitcoin's potential to disrupt traditional assets like gold. Referring to Bitcoin as “gold 2.0,” the twins firmly believe that the cryptocurrency is still in its nascent stages of adoption.
When Gemini was launched in 2015, Bitcoin was trading at a mere $380 per coin. Fast forward to the present day, and Bitcoin's price has surpassed $115,100 per coin, marking an exceptional growth of over 30,000% in just a decade. The remarkable surge in Bitcoin's value has undoubtedly caught the attention of investors worldwide, further fueling the Winklevoss twins' optimism about its future prospects.
As Gemini prepares for its initial public offering, the company has set an offering price of $28 per share. This move positions Gemini with a valuation of $3.3 billion, reflecting the substantial progress that the twins have made since the inception of their cryptocurrency venture. Tyler Winklevoss remarked on this milestone, emphasizing the journey that Gemini has undertaken to reach this pivotal moment in its trajectory.
Emphasizing the significant potential for further growth in Bitcoin's value, Tyler Winklevoss stated, “We think there’s easily a 10x from here. It’s still really early. And I think we’ll be sitting here 10 years from now looking back and saying, ‘Wow, today was really early.’” With their visionary outlook and unwavering confidence in Bitcoin's future, the Winklevoss twins are poised to continue leading the charge in the cryptocurrency space.
As the global financial landscape evolves, the transformative power of digital currencies such as Bitcoin is becoming increasingly apparent. With the backing of influential figures like the Winklevoss twins, Bitcoin's potential to revolutionize traditional investment assets remains a topic of intense interest and speculation within the financial community.
