Gemini Co-founder Says Big Bitcoin Accumulation Starts – Bitcoinik
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.
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.
Bitcoin Price Action
So far Bitcoin surged nearly 19% within a few days. The current trade price of Bitcoin is $29,990.
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.
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