$BTC
Despite Bitcoin’s choppy price action over the past few days, prominent analysts remain extremely bullish on its long-term prospects.
Popular Bloomberg analyst Eric Balchunas has made a bold Bitcoin prediction, claiming that spot BTC ETFs will have three times the AUM of Gold ETFs in 3 to 5 years.
As of April 2025, global gold-backed ETFs reached a record high in assets under management (AUM) of $345 billion.
Even assuming the impossible that the Gold ETFs AUM won’t increase, Balchunas’s projection would mean spot Bitcoin ETFs will see a 26x surge to see a cumulative AUM of $1.035 trillion within a 5-year window. Balchunas’s Bitcoin prediction was inspired by the strong spot BTC ETF inflows, particularly BlackRock’s IBIT, despite the choppy price action.
With a staggering $531 million in inflows on Monday, IBIT has now recorded 15 consecutive days of inflows, bringing its individual AUM to $44.2 billion.
Balchunas noted that IBIT’s year-to-date inflows have reached $6.963 billion, despite Bitcoin’s price rising by only 4% YTD. In contrast, SPDR’s GLD gold ETF has recorded just $6.5 billion in inflows, despite a 23% rally in the price of gold this year.
“To take in more cash in that scenario is really good sign for long term, and inspires confidence in our call that btc ETFs will have triple gold’s aum in 3-5yrs.”
Notably, BlackRock’s spot Bitcoin ETF recorded $674 million in inflows on Friday and $970 million on April 28th, data from Farside Investors reveals, which further confirms that a new BTC bull market is underway.
Bitcoin Price Prediction — Just How High Can The BTC Price Go?
Bloomberg analysts are now anticipating a several-times increase in spot BTC ETFs AUM, which indicates that the Bitcoin price is highly undervalued, especially in the long term.
There is a growing consensus that Bitcoin will hit $150k in 2025 itself, as claimed by Fundstrat’s Tom Lee. Even the Global M2 money supply, which has a strong correlation with the Bitcoin price and accurately predicted its April 7th bottom.#writetoearn