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Bitcoin ETFs are on fire right now, with staggering inflows and trading volume. In just 7 weeks, the top ten Bitcoin ETFs have surged past $50 billion in assets, starting from under $30 billion. Meanwhile, Gold ETFs are experiencing consistent outflows. If this momentum continues, Bitcoin ETFs could surpass Gold-based products by this summer.
This is the latest message from Eric Balchunas.
Recently, Eric spoke about the potential listing of Bitcoin ETFs by Vanguard, the institutional outlook on Bitcoin, and the reactions of central banks to Bitcoin ETFs. He noted that while banks could be issuers of Bitcoin ETFs today, many have chosen to stay on the sidelines and observe the market’s volatility.
Also, he explained that Bitcoin ETFs are not just for crypto enthusiasts but also appeal to individuals looking to add excitement to their portfolios while managing risk. He suggested that the allocation of just 1% to Bitcoin ETFs could alleviate pressure on investors, making them less likely to react impulsively to market fluctuations.
However, make sure to stay until the end of the video, where Eric Balchunas reveals how the Bitcoin ETFβs will impact Bitcoinβs trajectory in the long term.
βWhen I come up with the $150 billion, here’s the math. One: that’s about how much gold ETFs have. Two: if you take advisors and wealth managers, they have $30 trillion dollars that they run for the rich Boomers of America. If only 0.5% of that comes over that is $150 billion. So that’s I think, pretty fair.β
Now $150 billion in the first 12 months is colossal. To put this into perspective, if you combine all the Bitcoin currently held on exchanges, it totals ~1.85 million Bitcoin. This equals ~$47.5 billion USD. Meaning Eric believes in the first 12 months, the ETF will usher in over 3x the amount of capital than all the exchanges hold altogether! Insane.
Another way of framing this is looking at Saylor, who has brought in around $4 billion to Bitcoin.
Eric is predicting a spot bitcoin ETF will add 37 more Michael Saylor to the roster.
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#Cryptocurrency #Bitcoin #Crypto
“A TSUNAMI Is Coming For Bitcoin, Get Ready” Eric Balchunas Prediction on BTC ETF
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It would be ironic if all the banks and governments ended up owning the majority of BTC and controlling it π, cause it was made exactly to do the opposite.
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Blackrock and Fidelity are responsible for so many inflows lately, they are truly a gift to the Crypto space.
why the upspeak???
How can I invest in Bitcoin.
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Investors with a long term view are well positioned for the ultimate recovery because they understand that the market and economy will eventually revive. I'm doing great personally and will keep pushing hard in this wild market. Right now, my portfolio is up 43%. I'm going to take a backseat and watch how this all works, gradually adding more stocks.
I really appreciate the dedication in each video you post. Long term investor's know that the market and economy will recover eventually, and investors should be positioned for such a rebound, I gained $180k from bitcoin of 2021. Before the market crash and now am buying again, adding more at a time. Having a good financial advisor like Victoria Wiezorek, it will add to your success in the crypto market
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Apparently, one told him that his RΓΈde Podcaster is an end address mic.
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