On November 11, Gemini co-founder Cameron Winklevoss wrote on the X platform: "Bitcoin's path to $80,000 is paved by stable ETF demand, not the" fear of missing out " (FOMO) psychology of retail investors. There is little hype. People buy ETFs, but don't sell much. This is sticky HODL capital, and the reserve price continues to climb. Where are we in the cycle now? We just won the coin flip (referring to Trump's victory), and the game (or cycle) has not officially started yet."