Bloomberg's ETF Analyst Says Bitcoin Funds Will Triple Gold Hours After Admitting They Burned Cash

Bloomberg's ETF Analyst Says Bitcoin Funds Will Triple Gold Hours After Admitting They Burned Cash

Bloomberg's top ETF analyst made two posts ninety minutes apart that told very different stories about Bitcoin funds, and the price charts make one of those posts much harder to defend than the other.

Bloomberg’s ETF Analyst Says Bitcoin Funds Will Triple Gold Hours After Admitting They Burned Cash

The post Bloomberg’s ETF Analyst Says Bitcoin Funds Will Triple Gold Hours After Admitting They Burned Cash appeared first on 24/7 Wall St.. Bloomberg’s senior ETF analyst Eric Balchunas told his followers on X Thursday that Bitcoin ETFs will one day “triple gold in assets”. He posted that…

Bitcoin ETFs Could Triple Gold Counterparts As Asset Matures: Expert

Bitcoin exchange-traded funds could be three times bigger than their gold counterparts as younger investors grow up, an ETF expert has said.  Speaking to Bitcoin Magazine TV on Thursday, Bloomberg senior ETF analyst, Eric Balchunas, said that while bitcoin’s price is currently volatile, things would change in the future.  Bitcoin ETFs debuted in 2024 after a decade of denials from the U.S. Securities and Exchange Commission. The ETFs had the mos…

Bitcoin ETFs expected to triple gold ETF assets within three to five years, says Bloomberg analyst

Bloomberg analyst Eric Balchunas predicts Bitcoin ETFs could triple gold ETF assets within five years as younger investors drive record inflows.