Bitcoin’s rally to $80k not driven by retail FOMO, Gemini’s Winklevoss says

As Bitcoin hits an all-time high, Gemini co-founder Cameron Winklevoss suggested the real rally is yet to come.

Gemini co-founder Cameron Winklevoss thinks Bitcoin (BTC)’s recent all-time high is not due to fear of missing out on retail opportunities.

The road to $80,000 Bitcoin is paved with stable ETF demand. It’s not retail FOMO. Little fanfare.

People are buying ETFs, not selling them. This is sticky HODL-like capital. The ground continues to rise.

Where are we in the cycle? We just won the coin toss, shooting hasn’t started yet.

— Cameron Winklevoss (@cameron) November 10, 2024

In his Nov. 11 post,

“People are buying ETFs, not selling them. This is sticky HODL-like capital. “The base continues to rise.”

Cameron Winklevoss

While Winklevoss did not provide any time frame or scenario for the return of retail traders, he did note that Bitcoin’s rise is the beginning of a new rally, but Winklevoss did not specify a timeline for when retail traders might return.

Cameron Winklevoss’ comments echo the expectations of other analysts and traders who expect Bitcoin’s rise to push Bitcoin above $100,000. Some, like Dan Tapiero, CEO of 1RoundTable Partners, think Bitcoin could surpass $100,000, with Tapiero eyeing $350,000 in the long term.

I was expecting corrections as BTC futures market indicators are overheating, but we are getting into price discovery and the market is heating up even more.

If correction and consolidation occur, the bull run may extend; However, a strong end-of-year rally could prepare 2025 for a bear market…

— Ki Young Ju (@ki_young_ju) November 10, 2024

However, some warnings still remain. CryptoQuant CEO Ki Young Ju warned of potential market corrections, noting “overheated” indicators in Bitcoin futures. In a post on

As of the moment the article was published, Bitcoin is traded at $ 80,974 and its market value exceeds 1.6 trillion dollars.