RE: Drum roll, please!!!!!!15 Oct 2021 18:39
I imagine we will see a flurry of more ETFs approved, too.
Cathie Ark of Ark Investment Management called out a month ago that BTC $500k was achievable.
The US ETF approval milestone will be a big catalyst for that.
Consider global pensions invest $50 trillion US, if just 2.5% of that pension fund is invested in ETFs backing BTC that would equate to $2.5 trillion US. Consider that BTC has a current market capital of $1trillion, if it grew an extra $2.5 trillion, we should see north of $200k BTC.
Wishful thinking perhaps but one can only hope.
For me, I'll be staing put in ARB along with MARA and RIOT. Miners will be the best avenue for BTC as the cost will surpass what retail will be able to buy very soon.