It proceeded to go up 420%. This is different.
When the gold ETF was approved, nation states already held massive quantities of gold. Gold was already widely held. Gold was inflating at ~2% per year.
When the BTC ETF is approved, nation states will own basically none of it. Fewer than a million people will own a whole Bitcoin. It's inflation rate is 1.8% and soon to drop by half.
If this ETF doesn't make you massively bullish then your brain isn't very good at thinking about things.
Stay safe out there, it's not going to go in a straight line in either direction.
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