🔥BRUTAL🔥
🤯The first gold ETF was approved in November 2004, after which gold ROSE for 6 consecutive years.
Can #bitcoin rise similarly⁉️
🔸In January 2024, the first spot Bitcoin ETF was approved.
🔸To understand what we can expect from Bitcoin now, let's look at gold after its first ETF "GLD" launched in November 2004.
🔸From that moment, Wall Street could finally invest in gold without having the physical metal.
🔸After the launch of the gold ETF, gold prices skyrocketed by 300% in the following 6 years.
🔸Interestingly, the market capitalization of gold in 2004 was about 2 trillion dollars, similar to that of Bitcoin today.
🔸If Bitcoin reflects the performance of gold after the ETF, it could mean years of a bullish market ahead, but with healthy pullbacks, of course.
🔸Bitcoin ETFs now have 1.15 million BTC with inflows of around 3,000 BTC/day.
👉 Additionally, as a fun fact, the ETF of #BitcoinDunyamiz of #BlackRock surpassed that of Gold in assets under management ONLY in 10 months.
