Prominent cryptocurrency billionaires Tyler and Cameron Winklevoss, founders of the Gemini exchange, have forecasted that Bitcoin could one day reach $1 million per coin. Their comments coincided with the public listing of Gemini's parent company on the Nasdaq stock market. The twins, early Bitcoin investors, described the current market as being in the "first inning" of a long growth game, suggesting today's prices will look very low in retrospect. They reiterated their view of Bitcoin as "digital gold," a scarce asset for long-term wealth preservation.
Separately, venture capitalist Tim Draper has made an even more aggressive prediction, stating Bitcoin will surge to $250,000 within six months (by mid-2026) and ultimately reach $10 million. Draper's long-term thesis is based on the US dollar losing dominance due to inflation and debt, positioning Bitcoin as a global currency replacement. He attributes past delays in his earlier $250,000 prediction—originally set for 2022—to regulatory overreach and a "misguided administration," but now believes the target is imminent with improving regulatory clarity.
Draper has a notable track record, having accurately predicted Bitcoin would hit $10,000 by 2017 when it was trading around $180 in 2014. He also famously purchased nearly 30,000 BTC at a U.S. Marshals Service auction in 2014 for approximately $632 per coin.
While these predictions reflect extreme optimism from influential figures, the article notes that many financial professionals warn of Bitcoin's inherent volatility, which can be swayed by news, regulations, and global economic trends. The contrasting views highlight the ongoing debate about Bitcoin's primary role as a long-term investment versus a transactional currency.
