Tyler Winklevoss Predicts Bitcoin Could Hit $1M as ‘Gold 2.0’ After Gemini’s $425M, 20x-Oversubscribed IPO

Tyler Winklevoss told CNBC that Bitcoin remains in the “early stages” of market adoption, framing the asset as potential Gold 2.0 in his view and emphasizing long-term institutional capital flows as the primary adoption driver.

Winklevoss articulated a conditional valuation framework, arguing that if Bitcoin were to achieve parity with the gold market, his model would imply a theoretical price near $1 million per coin—an investor projection rather than an empirical forecast.

Separately, the Gemini IPO raised approximately $425 million and was reported to be oversubscribed by more than 20x, a development market participants interpret as evidence of strong demand for regulated crypto platforms among institutional and accredited investors.