Tyler and Cameron Winklevoss told CNBC on Monday that bitcoin will skyrocket to $500,000 within the next decade and surpass gold as a store of value.

                                 

"Our thesis is that bitcoin is gold 2.0, that it will disrupt gold, and if it does that, it has to have a market cap of 9 trillion, so we think it could price one day at $500,000 of bitcoin," Tyler Winklevoss said.

The cofounders of Gemini explained that Bitcoin is a better store of value than gold and offers higher returns. Bitcoin climbed to a new record high today, bringing its year-to-date gain to 177%.

Tyler and Cameron Winklevoss told CNBC that bitcoin will skyrocket to $500,000 within the next decade as it surpasses gold as a store of value.

The cofounders of Gemini appeared on CNBC shortly before bitcoin jumped 8.7% to a record high on Monday. The coin now trades at over $19,000, but Winklevoss's said bitcoin still has a long way to run.