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Billionaire who sued Zuckerberg makes major Bitcoin prediction

2026-08-20 00:56:55
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Cameron Winkleworth, co-founder of Gemini (Nasdaq: GEMI), recently said that the artificial intelligence (AI) boom has actually given cryptocurrency investors another opportunity to buy at Bitcoin (BTC) prices before the record surge.

"AI transactions gave the world a time machine that allowed us to go back in time and invest in Bitcoin for $65,000," Winkleworth wrote on Platform X on August 18. He believes that when Bitcoin was traded near $120,000 last year, investors would have rushed to buy at such a huge discount, and called the current situation an "unprecedented opportunity to bargain-hunting." As of press time, Bitcoin was trading at close to $65,000.

Winkleworth and his twin brother Taylor are co-founders of the Gemini cryptocurrency exchange. The brothers co-founded the social networking site ConnectU with Harvard classmate Divia Narendra in 2004 and sued Mark Zuckerberg the same year, accusing him of copying their project ideas while developing Facebook. In the end, the brothers reached a settlement with $65 million in cash and Facebook stock, and invested some of the money in Bitcoin in 2012, becoming one of the world's first cryptocurrency billionaires. In 2014, the "Bitcoin twins" founded the Gemini cryptocurrency exchange.

Cameron's latest comments come as some retail traders and hedge funds are switching from cryptocurrencies to AI-related stocks. The Wall Street Journal reported on August 10 that investors have sold bitcoin and other tokens and are chasing gains from chip makers and other AI companies. This shift coincides with bitcoin's decline from October 2025. More than $126,000 fell to half. Winkleworth is actually betting that this funding rotation is temporary and that Bitcoin's current weakness represents a discount rather than a collapse of investment logic.

Gemini is facing a low season for cryptocurrencies. The company operates a regulated cryptocurrency exchange that provides custody, pledge, credit card, forecast market and stock trading services. The company's second-quarter 2026 results released on August 13 showed that the weak cryptocurrency market had an impact on its core trading business. Exchange revenue fell 38% year-on-year to US$12.5 million, and total trading volume fell to US$3.8 billion from US$11.3 billion. However, as service income and interest income increased 117% to $26 million, total revenue still increased 37% to $45.5 million. "Despite headwinds in the cryptocurrency market, we are taking important steps towards building a more resilient company," said CEO Taylor Winkleworth. Assets on the company's platforms fell to $8.4 billion from $18.2 billion a year ago, partially reflecting falling cryptocurrency prices, while net losses narrowed 19% to $107.7 million.

Winkleworth's bullish view also echoed BlackRock's August 17 assessment of Bitcoin after a roughly 50% retracement. The asset manager said the sell-off was mainly due to the native deleveraging of cryptocurrencies and adjustments in capital flows, rather than a "fundamental shift in Bitcoin's long-term investment logic."

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