PANews reported on November 11 that Gemini co-founder Cameron Winklevoss wrote on the X platform: "The road to $80,000 for Bitcoin was paved by stable ETF demand, not retail investors' fear of missing out (FOMO). There was almost no hype. People bought ETFs but didn't sell much. This is sticky HODL-type capital, and the floor price continues to rise. What stage of the cycle are we in now? We just won the coin toss game (referring to Trump's victory), and the game (or cycle) has not officially started yet."