Bloomberg Analyst: Bitcoin ETF will surpass gold ETF at some point
Eric Balchunas, senior ETF analyst at Bloomberg, said that Bitcoin ETFs will surpass gold ETFs at some point, and the only thing that could disrupt this is some kind of black swan. The current magic of these ETFs is beyond imagination. As long as the price of Bitcoin continues to rise, which is three or four days out of five days a week, I really don't see anything slowing this trade down for a while as it is spiraling right now and is somewhat dependent on the price of Bitcoin . The higher the price, the more people will be FOMO and interested, and the more traffic will flow in, the higher the price will be.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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