Cameron Winklevoss, co-founder of Gemini, stated that the path for Bitcoin to reach 80 thousand dollars is paved by stable ETF demand, rather than the retail investors' fear of missing out (FOMO). People are buying ETFs but not selling much, which indicates a sticky HODL-type capital, causing the bottom price to continue rising. Winklevoss is unsure which stage of the cycle we are currently in, but believes that the race (or cycle) for Bitcoin has not officially begun yet.

On November 11, PANews reported that Cameron Winklevoss, co-founder of Gemini, posted on the X platform: "The road to Bitcoin reaching 80 thousand dollars is paved by stable ETF demand, not by retail investors' fear of missing out (FOMO). There's hardly any hype. People are buying ETFs but not selling much. This is sticky HODL capital, and the bottom price continues to rise. At what stage are we in the cycle now? We just won in the coin toss game (referring to Trump's victory), and the game (or cycle) has not officially started yet."

Gemini Co-founder: Bitcoin reaching 80 thousand dollars is driven by stable ETF demand, not retail FOMO psychology.