2024-01-12 04:13:42

Bitcoin bulldozer-style slow cattle have begun, which will last for years

BitcoinSpot ETFs who are going to enter the market are really not retail investors, but large financial entities such as Hedging funds, pension funds, and asset managers

The development of gold ETFs was only $1 trillion in the market before BlackRock entered the market, but it grew to $13 trillion after entering the market, which is a slow bull for nearly 20 years.

In 2004, State Street launched the SPDR Gold ETF (symbol GLD), which is the largest of all gold ETFs, with a Market Cap of about $58.4 billion.

As of October 2023, U.S. traditional broker-dealers ($27 trillion), banks ($11 trillion), and RIAs ($9 trillion) have $48.3 trillion in assets under management. And BlackRock in CX them, just like CX gold at that time.

The new era needs a new narrative to become a new reservoir of funds, and today in 2024, real estate, manufacturing, and the Internet seem to be less sexy, and the last darling is new energy, Blockchain, Digital Money, Bitcoin is sexy enough, it is a good choice to do this reservoir, digital gold.

A years-long Bitcoin slow cow bulldozer ⚙️

BTC1,8%

View Original

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.