What can Gold ETFs tell us about Bitcoin?

As @Vivek4real_ mentions, it took Bitcoin 5 months to get 15 Billion in inflows, versus 5 YEARS for Gold.

In those 5 years, Gold price doubled, but then they doubled again in the next two years, even without any new flows.

Bitcoin has just about doubled in price since the ETF was announced. But it did so off of a market cap 0f 0.7 Trillion, versus 2.6 Trillion for Gold.

So we should really expect a MUCH bigger move just off the flows so far. Not 2x, but maybe 4x (just proportional to market cap)

It also suggests regardless of flows, we could do another 2x just as a "continuation".

In other words: Number is going to go up. A lot.

#TopCoinsJune2024 #BTC $BTC