the gold spot etf was approved, and began trading in 2004, in the US.

while doubling gold production, and having the great financial crisis, the 2,000 year old asset did a 4x in 7 years.

bitcoin spot etf's were approved this January. bitcoin is less than 20 years old, barely understood or adopted by most...

there was a halving of the supply this year, and will be 2 more in its first 8 years of trading...

if it performs on par with gold, that's a 1.4m$ bitcoin by 2029.

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the key difference however is that people do actually view gold as a safe asset haven. so it boomed during the gfc, Obama years.

again in covid.

Bitcoin currently is still very speculative and follows other markets. so in a big stock market and/or housing downturn, people could dump bitcoin en masse.

I hope so...

Why do you hope so?

cheaper sats for me.

bitcoin is more liquid... easier to dump...

not sure why anyone would dump...

I doubt tradfi and the people buying now, dump.