Cameron Winklevoss, co-founder of Gemini crypto exchange, has stated that investors should increase investment in cryptocurrency before the Securities and Exchange Commission (SEC) legalizes a spot Bitcoin ETF.
With financial giants including BlackRock expressing their readiness to launch a new product last week and a flood of ETF applications being sent for consideration, Winklevoss believes that now is the optimal time to buy Bitcoin before they hit the market.
He has tweeted:
“A large accumulation of bitcoins begins. Anyone who watches the flood of ETF applications understands that now is the time to buy bitcoin before ETFs hit the market.”