Gemini Co-founder: The drive behind Bitcoin rising to $80,000 comes from stable institutional ETF demand, not retail FOMO

Odaily Planet Daily 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 are no grand gestures. 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)