Hold on tight, investors! 🚀 Michael Saylor 🗣️, the very president of Strategy and mega-bull of Bitcoin ₿, has made an EPIC PREDICTION 🤯! During an event in New York 🗽, he asserted that BlackRock's #BTC ETF (IBIT) 🥇 will become the LARGEST EXCHANGE-TRADED FUND IN THE WORLD 🌍 in the next decade! 😱
His argument? 🤔 The IMPRESSIVE growth of IBIT since its launch 🚀. In just 15 MONTHS 🗓️, it has amassed a staggering $54 BILLION in net assets 🤑 and attracted $40 BILLION in capital flows! 🌊 Moreover, it already holds the EPIC amount of 586,148 BTC 🤯, far surpassing its competitors! 🥇
Saylor himself is ULTRA-BULLISH on Bitcoin, projecting prices of up to $180,000 in this cycle and up to $50 MILLION by 2045!! 🤯 If these predictions come true ✨, the value of IBIT will SOAR 🚀 to the top! 🔝
But... NOT EVERYONE shares his OPTIMISM! 🤨 Eric Balchunas 🤓, Bloomberg's ETF expert, questions the VIABILITY of this prediction! 🤔 He acknowledges the RECORD growth of #IBIT 🏆, but recalls that the S&P 500 ETF (VOO) 📊 is 10 TIMES LARGER! 🐘 and attracts 5 TIMES MORE cash DAILY! 💸 For IBIT to surpass it, it would need MASSIVE capital inflows! 🤯 (between $3 and $4 BILLION a day 💸💸💸).
Furthermore, Balchunas points out the CORRELATION 🔗 between Bitcoin and the stock market 📉. If stocks fall 📉, Bitcoin tends to follow them, making it difficult for IBIT to grow more than funds like VOO. For Saylor's prediction to come true ✨, U.S. stocks would need to STAGNATE 😴 or fall for a decade while Bitcoin SHOOTS UP! 🚀🚀🚀
In summary, although IBIT has had a SPECTACULAR start 🌟 and demonstrates the growing institutional interest in #BTC 🏦, surpassing the GIANT VOO in 10 years will require EXTRAORDINARY performance! 🌠 Only TIME ⏳ will tell if Saylor's vision becomes a reality... But the debate is OPEN! 🗣️
