Bitcoin will be the best trade in the decade, says Gemini's co -founder
Bitcoin will be the best trade in the decade, says Gemini's co -founder
Cameron Winklevoss-co-founder and president of the Gemini crypto exchange-believes that "Bitcoin's great accumulation has started".
He believes that the asset will experience a massive upward trend as soon as a BTC-Spot ETF receives approval in the United States. Therefore, he described it as "the most obvious and best trade of this decade".
A accumulation window
The ETF efforts of Blackrock have completely changed the short-term landscape for Bitcoin. The world's largest asset manager put off with the US stock exchange supervisory authority Securities and Exchange Commission (SEC) to launch a spot BTC ETF in the USA. The step triggered optimism in the crypto range and seems to be one of the main factors for the successive rally of Bitcoin.
The most important digital asset recently exceeded the $ 30,000 mark and thus reached a two-month high. Its market capitalization exceeded $ 580 billion (according to Coingecko data).
According to Cameron Winklevoss, President of Gemini, investors have already started to accumulate the asset. In his opinion, people who are willing to join the ecosystem should do so before BTC ETFs see the light of the world.
He went one step further and described the asset as "the best investment of the past decade" and "the most obvious and best trade" of the following ten years.
The large accumulation of Bitcoin has started. Anyone who observes the flood of ETF applications understands that the time window for buying pre-IPO-bitcoin before the ETFs go live and open the locks quickly. If Bitcoin has been the most obvious and best investment of the past decade, this is ...
- Cameron Winklevoss (@cameron) 21. June 2023
It's not just Blackrock
Several investment companies, including Investco and Wisdomtree, followed this example and reactivates that enables customers To invest actual market price from Bitcoin without having to (and save) the asset.
also the asset management company Valkyrie jumped on the train and said that her ETF is being traded under the "Brrr" symbol, he should receive a positive consent of the SEC.
Blackrock has so far made 575 ETF applications, of which only one was rejected.
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