TechFlow news, November 11 — According to CryptoBriefing, Cameron Winklevoss, co-founder of Gemini, said that Bitcoin's rise to $80,000 is primarily driven by sustained institutional demand through spot Bitcoin ETFs, rather than retail investor activity. He believes this "sticky" demand from institutional investors signals long-term bullish sentiment, and that the current market cycle is still in its early stages.
Winklevoss stated: "The path to Bitcoin at $80,000 is paved by steady 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, and we've merely won a coin toss — the game hasn't truly begun yet."
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