Shares of Gemini Crypto Exchange Surge 14% as Winklevoss Twins Forecast Bitcoin at $1 Million
Gemini shares saw a notable increase on their first trading day, with the Winklevoss brothers reaffirming their optimistic outlook for the long-term price of Bitcoin.
Key Highlights:
- Gemini’s shares started at $37.01, above the $28 IPO price, and ended 14% higher.
- The Winklevoss twins predict Bitcoin may reach $1 million in the next decade.
- The IPO secured $425 million, positioning Gemini at a valuation of $3.3 billion before trading commenced.
On its debut, Gemini, the cryptocurrency exchange co-founded by Tyler and Cameron Winklevoss, experienced a surge in its stock price, highlighting investor confidence in the company’s future. The trading initiation reflected a 32% rise compared to the initial offer price.
The IPO was priced before the market opened at $28 per share, which exceeded the anticipated range and attracted considerable market interest.
Broader Context
As Bitcoin adoption continues, the Winklevoss brothers maintain that this cryptocurrency could soon become a dominant asset class, referring to it as “gold 2.0”. They also commented on the ongoing growth of cryptocurrency services across the globe, especially in institutional finance.
Gemini has established itself as a significant player in the industry by expanding its services to include custody solutions, stablecoins, and other cryptocurrency financial products. As of this past July, they reported over $21 billion in assets under management, despite recent financial losses of $159 million in 2024 and $283 million in the first half of 2025.
For detailed insights into Gemini’s performance and the broader cryptocurrency market, visit their official website.
