Cameron and Tyler Winklevoss Predict Bitcoin Could Soar to $1 Million
Bitcoin's next frontier? The Winklevoss twins just dropped a bombshell prediction that's sending shockwaves through crypto circles.
The Million-Dollar Bet
Cameron and Tyler Winklevoss—those early Bitcoin billionaires who outmaneuvered Wall Street's skepticism—now see the digital asset hitting seven figures. They're betting on institutional adoption, regulatory clarity, and that good old supply-demand squeeze to fuel the rally.
Beyond the Hype
Forget the moon—this projection puts Bitcoin in another stratosphere. It’s not just speculative fervor; the twins point to Bitcoin’s hardening role as digital gold and its tightening supply mechanics. Meanwhile, traditional finance veterans still can’t decide if it’s an asset class or an elaborate prank.
The Final Word
Whether Bitcoin cracks $1 million or not, one thing’s clear: the Winklevoss duo remains all-in on crypto’s long game. And if they’re right? Well, let’s just say a few hedge fund managers might suddenly develop a newfound appreciation for 'internet money.'
Gemini prices shares and sets cap on proceeds
Gemini’s initial public offering priced at $28 per share late Thursday, higher than the earlier expected range of $24 to $26, according to Bloomberg. That put the company’s valuation at about $3.3 billion. Tyler said, “we’ve come a long way,” during the same CNBC interview.
Demand for shares far outstripped supply. People familiar with the sale told Bloomberg that Gemini drew more than 20 times the orders for the shares available. The company and its bankers decided to stop taking new requests and set an unusual cap on proceeds at $425 million.
Without that cap, Gemini WOULD have raised up to $433 million based on filings with the Securities and Exchange Commission.
The sale included an extra investment from Nasdaq, which committed $50 million in a private placement at the time of the IPO. That deal came on top of the capped proceeds and was first reported by Reuters.
Investors drive up crypto listings amid White House support
The company had already raised the proposed share price before the final sale, moving the range up from $17 to $19 per share to $24 to $26. At the top of that range, Gemini’s value would exceed $3 billion, Reuters reported. The final price at $28 showed how strong the interest was from investors.
The IPO added to a streak of crypto listings. Earlier this week, Figure Technology raised $787.5 million in an upsized offering. CoinDesk owner Bullish and stablecoin issuer Circle also boosted their sales earlier in the year.
The backdrop for these deals included new regulatory wins under President Donald Trump’s WHITE House, more companies using crypto, and rising inflows from exchange-traded funds. Together those factors pushed the sector’s value above $4 trillion.
Gemini’s shares started trading Friday under the ticker GEMI on the Nasdaq. The lead bookrunners for the IPO were Goldman Sachs and Citigroup, who guided the offering through the heavy demand.
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