Bloomberg analysts: Bitcoin ETF will eventually surpass gold ETF

ChainCatcher news, Bloomberg's senior ETF analyst Eric Balchunas stated that Bitcoin ETFs will eventually surpass gold ETFs, and the only thing that could disrupt this is some kind of black swan event. The current allure 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 that will slow down this trading for a while, as it is now spiraling upwards and somewhat reliant on the price of Bitcoin. The higher the price, the more people experience FOMO and become interested, and the more inflow there is, the higher the price goes.