Gemini co-founder Cameron Winklevoss urges investors to buy Bitcoin, citing a 50% discount from its $120,000 peak.
Gemini co-founder Cameron Winklevoss described Bitcoin as trading at a 50% discount from its October 2025 high of $120,000, now priced at $64,750. He framed the decline as a buying opportunity rather than a market warning, urging investors to capitalize on the dip.
Bitcoin has struggled to break resistance at $65,000 after falling from its all-time high. The Winklevoss twins, early Bitcoin investors, hold an estimated 70,000 BTC worth $4.60 billion, though recent transfers of $130 million to Gemini wallets sparked speculation about potential sales.
Gemini has faced pressure from the crypto downturn, cutting 30% of its workforce and pivoting operations as trading volumes decline. Ethereum and other cryptocurrencies have also seen sharp declines, further impacting exchange performance.