The Winklevoss Twins case for a $500,000 Bitcoin price was strengthened by the numerous applications for spot Bitcoin ETF's made by several traditional finance giants, including BlackRock, Fidelity, Valkyrie, WisdomTree, and Invesco over the past few weeks.

Cameron Winklevoss took to Twitter to share his thoughts on the recent spot BTC ETF filings:

"The Great Accumulation of bitcoin has begun. Anyone watching the flurry of ETF filings understands the window to purchase pre-IPO bitcoin before ETFs go live and open the floodgates is closing fast. If bitcoin was the most obvious and best investment of the previous decade, this will likely be the most obvious and best trade of this decade."

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