Bitcoin has entered what Winklevoss of Gemini calls “The Great Accumulation”

As the registrations of spot Bitcoin ETFs have helped to drive up the price of Bitcoin, some have speculated that the “window to front-run institutional demand is closing.”

Some experts think that the recent 19% price increase in Bitcoin to $30,240 since June 16 is because four other major financial firms, Fidelity, Invesco, Wisdom Tree, and Valkyrie, have all applied to the United States Securities Exchange Commission for a Bitcoin spot ETF.

On June 21, Gemini’s co-founder and cryptocurrency evangelist Cameron Winklevoss said that institutional and individual investors have launched “The Great Accumulation” of Bitcoin.

MicroStrategy Executive Chairman Michael Saylor commented on the topic in his tweet, speculating that institutional demand will eventually overtake the interests of individual investors.

Bitcoin has risen in price to $30,240 over the last two days, while the Crypto Fear and Greed index has jumped from 49 (Neutral) to 65 (Greed).

Bitcoin investor Anthony Pompliano told CNBC on June 21 that he anticipates a tug-of-war between individual investors and Wall Street:

“Institutions and people compete for a small fraction of the total supply of 21 million Bitcoin. Retail investors have had a head start of 15 years and currently own all Bitcoin created and in circulation, yet 68% of that amount has yet to be traded in a year.”

Pompliano predicted that “Wall Street and BlackRock show up to the market,” making Bitcoin “highly illiquid” since merchants “don’t want to sell to Wall Street,” as he said in the CNBC interview.

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