Michael Saylor: Bitcoin ETFs Will Overtake Gold ETFs
Michael Saylor, founder of MicroStrategy, says that new spot bitcoin ETFs from the likes of BlackRock and Fidelity are proving to be more successful than he thought they would be. He believes that Bitcoin has moved up the charts to compete with the SP 500 ETF, and predicts that while gold ETFs are still the largest commodity ETFs in the U.S., they will be surpassed by their Bitcoin counterparts in the near future.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Data: A certain whale opened a 20x Bitcoin long position worth approximately $19.22 million
Yala: We have noticed the community's concerns regarding the stablecoin YU and are actively investigating.
Crypto market sentiment plunges to "freezing point," Fear & Greed Index currently at 10
Trending news
MoreCrypto prices
More
