Replying to Avatar PeakyBTC

The total market cap of gold ETFs is ~100 billion.

Let’s say the Bitcoin ETFs get 10 or 20 percent of that amount in the first year.

That’s really not gonna move the price at all.
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cuban 2y ago

You think $10-20B in buying pressure wouldn't move the price?

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nobody 2y ago

Minimal.

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PeakyBTC 2y ago

Of course it will. But not to 100k like some bozos think.

Maybe like a 10k jump? I honestly have no idea. But when I found out that there was only a 100 bill in gold ETFs I was surprised.

I’d be shocked if over 10 billion goes into Bitcoin ETFs in the first year.

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Tuvok_amethyst 2y ago

1% allocation will be the Start for a lot of institutional money