Gemini co-founder says big Bitcoin accumulation starts

On Jun 23, 2023

Cameron Winklevoss said that Bitcoin will likely be the most obvious and best trade of this decade.

Gemini Trust Company, LLC (Gemini) is a US-based Crypto trade platform. In 2014, this platform was founded by Cameron and Tyler Winklevoss. At present, the services of this platform are available in the US, South Korea, Canada, & Singapore.

Gemini’s Cameron Winklevoss said that the news about the potential approval for the Bitcoin spot ETF applications is acting as a catalyst among the crypto investors and people are considering this situation as an IPO of Bitcoin spot ETFs.

According to Gemini’s co-founder, this is going to be a very good outcome for Bitcoin investors.

The Great Accumulation of bitcoin has begun. Anyone watching the flurry of ETF filings understands the window to purchase pre-IPO bitcoin before ETFs go live and open the floodgates is closing fast. If bitcoin was the most obvious and best investment of the previous decade, this…
— Cameron Winklevoss (@cameron) June 21, 2023

Popular crypto Influencer Lark Davis noted that 5 Bitcoin ETF applications have been submitted in the last 5 days and every firm is confident with their application & hoping that they will succeed to get regulatory approval from the United States Securities Exchange Commission (SEC) for their corresponding Bitcoin spot ETFs.

Nearly 2 weeks ago, Michael Saylor, the former CEO of the publicly trading business intelligence firm Microstrategy, said that SEC’s back-to-back suits against crypto firms will create a better opportunity for Bitcoin. And now we can see that happening same, what Saylor predicted.

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The window to front-run institutional demand for #Bitcoin is closing. https://t.co/JQP6ZZSarV
— Michael Saylor⚡️ (@saylor) June 20, 2023

Bitcoin Price Action

So far Bitcoin surged nearly 19% within a few days. The current trade price of Bitcoin is $29,990.

Gemini co-founder says big Bitcoin accumulation starts 1

The current Bitcoin greed and fear Index is 65, which means Investors are confident to get profit from their Bitcoin investment & they are not in any kind of fear.

A few veteran Bitcoin traders claimed that current sentiment of Bitcoin demand is showing that $35k will be the next target for Bitcoin & it will be easily achieved by Bitcoin within the next week.

The information shared in this article is based on the analysis & research on behalf of the current market situation. So readers of this article are requested not to consider this report as financial advice.