When the gold ETF was launched, the price consolidated around its ATH of 1980 at around $1,000. And if we look closely, Bitcoin also consolidated around its ATH of 2021 when the ETFs were launched in 2024…
Then, gold developed upwards and even reached $1,900 (90% increase). The gold bull market lasted about 3 years!
If Bitcoin evolves in the same way as gold, we are probably still far from a market top, especially if we consider that BTC spot ETFs attracted much more capital than gold in the first year.
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