- According to Ash Crypto, spot Bitcoin ETF impact would push BTC price to $500,000.
- The crypto trader believes Bitcoin will gain market cap from gold, stocks, and bonds.
- Ash Crypto compared Bitcoin with gold, whose market cap surged significantly following ETF approval.
According to Ash Crypto, a crypto trader on X, the impact of the recently approved spot Bitcoin ETFs would push BTC price to $500,000. The renowned trader believes the approved ETFs would create a channel for liquidity inflow into the Bitcoin market, pushing its market cap to significantly high levels.
Bitcoin is going to $500k after theSpot ETF is approval. Here is the
evidence –
When Gold ETF was approved, it’s
mcap was around $2 Trillion. After
ETF gold saw huge inflows of liquidity
and reached $16 Trillion in few years.
( Don’t forget gold supply is not fixed,
we… pic.twitter.com/uE6XKkHWtU
— Ash Crypto (@Ashcryptoreal) January 14, 2024
In a recent post, Ash Crypto compared Bitcoin with gold, whose market cap surged from around $2 trillion before ETF approval to $16 trillion after a few years. According to him, Bitcoin has the potential to perform better than gold, considering the …
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