Gemini co-founder: The rise of Bitcoin to $80,000 is driven by stable institutional ETF demand, not retail FOMO

ChainCatcher news, Gemini co-founder Cameron Winklevoss stated that Bitcoin reaching $80,000 is primarily 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 the current market cycle is still in its early stages.

Winklevoss said, "The road to Bitcoin reaching $80,000 is paved by stable ETF demand. It's not retail FOMO. There's 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."