historic moment of BTC etf SAME as gold one ?

8BNs...vWcr
28 Dec 2023
24

              the historic moment of gold ETF reaching its peak in 2012!

Many people are extremely excited as we are on the verge of witnessing a historic moment,
much like when we saw the introduction of the gold ETF in the United States in November
2004. Subsequently, gold experienced rapid growth, soaring from around $300 to $400 and
reaching its peak in 2012 at an impressive $1,773. The spot gold ETF has proven to be a
gateway for significant capital inflows into the gold market.

Similarly, the anticipation is that a Bitcoin spot ETF, once approved, will open the floodgates for funds into the Bitcoin market, potentially leading to substantial growth in market capitalization and, consequently, higher prices. However, it's crucial to note that these expectations are for the long term, and immediate fluctuations, akin to what happened with the gold ETF, are anticipated. Investors should focus on the market's outlook over the next one, two, or three years, considering the influx of new funds and how it will shape the market. While there is much speculation about the immediate price impact, the more critical concern for long-term investors is how the market will evolve in the years following the approval of a Bitcoin spot ETF.

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