Bitcoin forecast: “The BTC price will easily increase tenfold”
Twelve years ago, the infamous Winklevoss twins acquired around 70,000 Bitcoin when the BTC price was trading below $150. While Peter Schiff first warned about the cryptocurrency in connection with the “tulip mania” in 17th-century Holland in 2013, Cameron and Tyler Winklevoss went all-in. Today, they are among the richest Bitcoin holders in the world, with their BTC assets now estimated at $8.1 billion.
But if the billionaire brothers are correct in their prediction, Bitcoin could still be in the early stages of adoption in September 2025. They even predict that the BTC price rally will only really gain momentum in the next ten years, with a single coin costing more than $1,000,000.
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“We're still at the very beginning, because Bitcoin will likely trade at $1,000,000 per Bitcoin when it displaces gold,” Tyler Winklevoss explains in an interview with CNBC. But Bitcoin is actually Gold 2.0, with properties superior to those of the physical precious metal. He therefore adds optimistically: “We believe there can easily be a tenfold increase from here.” When people look back in ten years, they will realize that today was an early point in Bitcoin's development. Therefore, the Gemini co-founder hopes that significantly more people will listen to him this time than they did a decade ago.
Gemini IPO makes the Bitcoin brothers even richer
On Friday, the Winklevoss twins celebrated again when their crypto exchange, Gemini, was listed on the Nasdaq under the ticker symbol GEMI. A total of 15.18 million Class A shares were sold at $28 each as part of the successful IPO. At the close of trading, GEMI shares were already at $32, having even briefly exceeded the $40 mark during the initial euphoria.
The Winklevoss platform, which also offers its own dollar stablecoin and custody solutions for institutions, is currently valued at approximately $3.8 billion. Despite its IPO, the twins continue to control 94.5 percent of the voting rights. This puts them ahead of their old rival Mark Zuckerberg, who holds 61 percent of Meta's voting rights. They are said to have originally conceived the idea for Facebook, which is why they received approximately $20 million in cash and $45 million in Facebook shares as part of a settlement in February 2008.
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If Bitcoin actually reaches the current market capitalization of gold by 2035, that would correspond to a BTC price of $1,240,000. This would give the Winklevoss twins a combined Bitcoin fortune worth nearly $87 billion. However, it would take a bit more to catch up with their old nemesis: Meta CEO Zuckerberg currently has a spectacular $265 billion, according to the Bloomberg Billionaires Index. However, shareholders of the tech giant he leads distanced themselves from Bitcoin and rejected an “unnecessary” BTC reserve. A decision they may regret in a decade.
Recommended Video What REALLY happens to Bitcoin when Wall Street gets in
Sources
- Winklevoss Interview I CNBC
- Billionaires Index I Bloomberg
