Bloomberg Analyst: Bitcoin ETF will surpass gold ETF at some point
Eric Balchunas, a senior ETF analyst at Bloomberg, said that Bitcoin ETFs will eventually surpass gold ETFs, and the only thing that could disrupt this trend is a black swan event. The current power of these ETFs is beyond imagination. As long as the price of Bitcoin continues to rise (three to four days a week), I really don't see anything slowing down this trade for a period of time because it is now spiraling upwards and somewhat dependent on the price of Bitcoin. The higher the price, the more people will experience FOMO and become interested, and the more inflows will lead to higher prices.
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