Balchunas Sees Bitcoin Closing the Gap With Gold 🐉
In a recent interview Balchunas shared his thoughts on how younger investors might view bitcoin as their go to value holder giving those etfs an edge as capital builds up. ✨ He straight up believes bitcoin etfs will triple gold in assets. Gold feels less volatile right now and that is the big worry for folks eyeing btc but if vol and correlations keep cooling toward gold levels bigger institutions might warm up to it as a safe haven or alternative play. 🔥 Bitcoin still has that nasdaq 100 rep as a high beta stock tied asset tho like gold as a teenager with its short seventeen year run compared to golds longer history. Distribution is key too with way more hype and sales power behind bitcoin plus wholesalers schooling clients on btc etfs unlike the sleepy gold side. 💀 He stressed gold isnt vanishing just getting lapped long term.ETF Flows Show the Picture Is Still Mixed 🌙
Latest numbers paint a mixed scene with one hundred fifty nine point four five million in net inflows on september seventeen after rough days of two hundred ninety five point nine eight million and four hundred fifty point three three million outflows. 📉 Weekly net outflows hit four hundred twenty six point eight one million yet cumulative inflows sit at fifty four point seven three billion with total assets at ninety six point two five billion or six point two six percent of bitcoins market cap. Those products saw four hundred sixty two point seven three million in outflows over four sessions ending september eleven after a stronger august pull of over one point nine billion in a week. 🪦🕸️🐦⬛Just another echo from the void by iconofsin.eth 💖
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