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Cameron Winklevoss – co-founder and president of crypto exchange Gemini – believes that “the mass accumulation of bitcoin has begun.”
He believes that the asset will see massive upside gains once the BTC spot ETF is approved in the United States. Thus, he dubbed it “the clearest and best business of the decade”.
a storage window
BlackRock’s ETF efforts completely changed the short-term landscape for bitcoin. world’s largest asset manager filed With the US Securities and Exchange Commission (SEC) to launch the Spot BTC ETF in the States. The move sparked optimism in the crypto sector and appears to be one of the main factors in bitcoin’s continued rally.
The primary digital asset recently surpassed the $30,000 level, a two-month high. Its market capitalization exceeded $580 billion (according to CoinGecko data).
According to Gemini President Cameron Winklevoss, investors have already started accumulating assets en masse. He believes that those interested in joining the ecosystem should do so before the BTC ETF is launched.
He went on to describe the asset as “the best investment of the last decade” and “the clearest and best trade” of the next ten years.
The great accumulation of bitcoins has begun. Anyone watching the flurry of ETF filings understands that the window to buy pre-IPO bitcoin before the ETF goes live and the floodgates open is closing fast. If bitcoin was the most obvious and best investment of the last decade, it was…
— Cameron Winklevoss (@Cameron) 21 June 2023
it’s not just blackrock
Several investment companies followed suit, including Invesco and WisdomTree. reactivated Their attempt to introduce a fund that allows clients to invest in the actual market value of bitcoin without having to own (and store) the asset.
asset management firm – valkyrie – also hop on the bandwagon, saying its ETF will trade under the symbol “BRRR” should it receive positive approval from the SEC.
BlackRock has filed 575 ETF applications so far, of which only one has been rejected.
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