Bitcoin ETFs: A Quiet Prelude with the Promise of Trillion-Dollar Transformations Ahead!
As spot Bitcoin exchange-traded funds (ETFs) prepare to make their debut, the initial impact on Bitcoin (BTC) may not make waves, but VanEck adviser Gabor Gurbacs envisions a future where these ETFs could become the catalysts for trillions of dollars flooding into the cryptocurrency sector.
Setting Realistic Expectations: Gurbacs Forecasts a Modest Kickstart for Bitcoin ETFs!
In a recent post on X (formerly Twitter) dated January 1, Gabor Gurbacs introduces a measured perspective on the "initial impact" of Bitcoin ETFs. His estimate suggests a conservative net inflow of approximately $100 million, mainly sourced from "mostly recycled" funds from significant institutional investors during the launch.
Taking Cues from History: Unpacking the Gold ETF Launch!
Reflecting on historical patterns, Gurbacs refers to the launch of the first gold ETF by State Street on November 18, 2004. Over the subsequent eight years, the price of gold surged from $400 to $1,800, experiencing a remarkable quadrupling. This surge propelled the total market capitalization of gold from $2 trillion to an impressive $10 trillion within the same period.
Marathon Mindset: Bitcoin ETFs Geared for Prolonged Growth!
Despite the subdued initial impact, Gurbacs sketches a narrative of sustained growth for Bitcoin ETFs. Comparing this trajectory to the gold market, he hints at the potential for these ETFs to attract trillions of dollars over time, positioning the cryptocurrency sector for substantial and enduring growth in the years ahead.
Source
https://t.me/Bitcoin_Crypto_Signals
