Gemini Lianchuang: Bitcoin's rise to $80,000 is driven by stable institutional ETF demand, not retail FOMO

Odaily News Cameron Winklevoss, co-founder of Gemini, said that Bitcoin reaching $80,000 was mainly driven by sustained institutional demand through spot Bitcoin ETFs, rather than retail investor activity. He believes that this "sticky" demand from institutional investors is a sign of long-term bullish sentiment and that the current market cycle is still in its early stages. Winklevoss said: "The road to Bitcoin reaching $80,000 is paved with steady ETF demand. Not retail FOMO. There is no fanfare. People are buying ETFs, not selling them. This is sticky HODL-style capital. The floor price keeps rising, we just won the coin toss, and the game hasn't really started yet." (Crypto Briefing)