ATTENTION

To understand the #BitcoinETF approval status, we must first examine gold ETFs.


The launch of the first spot gold ETFs in 2003 resulted in large increases in the price of gold. So much so that over the next decade its price increased from $350 per ounce to $1800 (400%).


If the Spot #Bitcoin ETF follows the process after the approval of the Spot gold ETF, it will experience a tremendous increase in value (We should not ignore the weakening of the US dollar and positive macroeconomic conditions at that time).

In 2024, the risk of inflation and the Fed increasing interest rates is low and the dominance of the US dollar is low. However, we must consider that gold is much less volatile than BTC.

We should not forget that the spot #BTC ETF will attract a large amount of capital from institutional investors who want to invest as it will provide a more direct and regulated way of investing in Bitcoin.