Gemini

<p class="is-style-lead">As Bitcoin reached a new all-time high, Gemini co-founder Cameron Winklevoss suggested the real rally is yet to come.</p>
<p>Bitcoin (<a href="https://crypto.news/price/bitcoin/" target="_blank" rel="noopener noreferrer nofollow">BTC</a>) has still room to grow as the recent spike to a new all-time high was not driven by retail fear of missing out, <a href="https://crypto.news/tag/gemini/" target="_blank" rel="noopener noreferrer nofollow">Gemini</a>‘s co-founder Cameron Winklevoss speculates.</p>
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   <p lang="en" dir="ltr">The road to $80k bitcoin was paved with steady ETF demand. Not retail FOMO. Little fanfare. <br><br>People buy ETFs, they don’t sell them. This is sticky HODL-like capital. Floor keeps rising. <br><br>Where are we in the cycle? We just won the coin toss, innings haven’t started.</p>— Cameron Winklevoss (@cameron) <a href="https://twitter.com/cameron/status/1855736316828262694?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">November 10, 2024</a>
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<p>In <a href="https://x.com/cameron/status/1855736316828262694" target="_blank" rel="noopener noreferrer nofollow">an X post</a> on Nov. 11, he rebuffed theories that the price spike above $80,000 was fueled by retail investors, implying that the surge was likely triggered by “steady ETF demand.”</p>
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 <p>“People buy ETFs, they don’t sell them. This is sticky HODL-like capital. Floor keeps rising.”</p>
 <p>Cameron Winklevoss</p>
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<p>Although Winklevoss provided no timeframe nor scenario for retail traders’ comeback, he noted that Bitcoin’s surge is barely the beginning of a new rally, though Winklevoss did not specify a timeline for when retail traders might return.</p>
<p>You might also like: <a rel="noopener noreferrer nofollow" href="https://crypto.news/bitcoin-hits-new-ath-surpassing-1-6t-market-cap/"> Bitcoin hits new ATH surpassing $1.6T market cap </a></p>
<p>Cameron Winklevoss’ comments echo expectations from other analysts and traders who expect that Bitcoin’s rally could push it past the $100,000 mark. Some, like Dan Tapiero, CEO of 1RoundTable Partners, <a href="https://crypto.news/bitcoin-could-rally-to-100000-and-beyond-expert-predicts/" target="_blank" rel="noopener noreferrer nofollow">expect</a> Bitcoin could exceed $100,000, with Tapiero eyeing $350,000 in the long term.</p>
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   <p lang="en" dir="ltr">I expected corrections as BTC futures market indicators overheated, but we're entering price discovery, and the market is heating up even more. <br><br>If correction and consolidation occur, the bull run may extend; however, a strong year-end rally could set up 2025 for a bear market,…</p>— Ki Young Ju (@ki_young_ju) <a href="https://twitter.com/ki_young_ju/status/1855546984343724253?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">November 10, 2024</a>
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<p>However, some caution remains. CryptoQuant CEO Ki Young Ju warned of potential market corrections, citing “overheated” indicators in Bitcoin futures. In a Nov. 9 <a href="https://x.com/ki_young_ju/status/1855546984343724253" target="_blank" rel="noopener noreferrer nofollow">post on X</a>, he particularly noted that a correction could bring Bitcoin’s price down to $58,974 before the rally potentially extends.</p>
<p>As of press time, Bitcoin is trading at $80,974, with a market capitalization exceeding $1.6 trillion.</p>
<p>Read more: <a rel="noopener noreferrer nofollow" href="https://crypto.news/bitcoin-hits-new-all-time-high-how-long-until-300000/"> Bitcoin hits new all-time high: How long until $300,000? </a></p>

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

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