Cantor CEO Makes Gold And Bitcoin ETFs Comparison, Foresees True Rally With Halving
Summary
The SEC approved 11 spot Bitcoin ETFs, but Bitcoin's price dropped by 8% after their launch. Historical data from the Gold ETF launch suggests that significant price appreciation may take years. Market analysts estimate potential inflows of $14.4 billion within the first year. The upcoming Bitcoin halving event, expected in April 2024, is anticipated to be a significant catalyst for Bitcoin's growth. Past halving cycles have shown substantial rallies followed by a correction period before a major bull run and peak. The ETFs are also expected to positively impact Bitcoin's price and bring new inflows and interest to the crypto market.
