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Tether Advisor Gabor Gurbacs shared on the X platform: "The initial capital flow of $500 million to $5 billion in the first few weeks for a (spot) Bitcoin ETF may seem important, but in the long run, it is not. What matters is that there are approximately $500 trillion worth of assets globally that can acquire Bitcoin in physical and financial forms. Assuming a 0.5% global allocation would mean a fund flow of $25 trillion, coupled with subsequent appreciation and additional fund investments and credit. This is why large institutions are concerned about this." |
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Post time 11-1-2024 07:01:39