Bloomberg · Bitcoin · Bitcoin ETF · Bitcoin Magazine
Bitcoin ETFs Could Triple Gold Counterparts as Asset Matures: Expert
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Bloomberg ETF analyst Eric Balchunas said the younger generation could be drawn to bitcoin.
Key facts
- The reporter always say Bitcoin is like gold as a teenager, you know, gold is 5,000 years old, it was mentioned 450 times in the Bible
- Bitcoin ETFs debuted in 2024 after a decade of denials from the U.S. Securities and Exchange Commission
- Speaking to Bitcoin Magazine TV on Thursday, Bloomberg senior ETF analyst, Eric Balchunas, said that while bitcoin’s price is currently volatile, things would change in the future
- Bitcoin in 2025 has its least volatile year in its short history
Summary
Bitcoin exchange-traded funds could be three times bigger than their gold counterparts as younger investors grow up, an ETF expert has said. Speaking to Bitcoin Magazine TV on Thursday, Bloomberg senior ETF analyst, Eric Balchunas, said that while bitcoin’s price is currently volatile, things would change in the future. Bitcoin ETFs debuted in 2024 after a decade of denials from the U.S. Securities and Exchange Commission. “I do believe the Bitcoin ETFs will triple gold in assets,” said Balchunas.