Gold's market cap stood at approximately $4 trillion prior to the approval of its first spot ETF from one large institution, State Street Global Advisors. Following its approval, there was a demand shock of this asset for more than five years.
If Bitcoin manages to achieve the same market cap of gold had before its ETF approval, it would be valued at approximately $100,000 per BTC. However, here's the difference, we have currently 9 institutions racing in for Bitcoin, compared to gold, which only had one involved at the time of its ETF approval.
[link] [comments]
You can get bonuses upto $100 FREE BONUS when you:
💰 Install these recommended apps:
💲 SocialGood - 100% Crypto Back on Everyday Shopping
💲 xPortal - The DeFi For The Next Billion
💲 CryptoTab Browser - Lightweight, fast, and ready to mine!
💰 Register on these recommended exchanges:
🟡 Binance🟡 Bitfinex🟡 Bitmart🟡 Bittrex🟡 Bitget
🟡 CoinEx🟡 Crypto.com🟡 Gate.io🟡 Huobi🟡 Kucoin.
Comments