The crypto community has been abuzz with anticipation over the potential approval of a spot Bitcoin exchange-traded fund (ETF) and its likely impact on BTC prices.
Enthusiasts believe that such an approval would ignite mainstream institutional adoption of Bitcoin, leading to increased liquidity and market participation, and potentially driving the world’s leading cryptocurrency to new heights.
Commenting on the possible price impact of a spot Bitcoin ETF approval, widely-followed crypto market trader Ash Crypto analyzed how gold prices reacted after the first gold ETF got the green light in the US in 2004.
How much would Bitcoin be worth if it mirrors gold’s ETF rally?
In his July 12 Twitter post, Ash Crypto posted a chart showcasing gold’s price trajectory before and after the US lawmakers approved the first ETF for the yellow metal nearly 20 years ago.
Notably, the bullion soared by nearly 350% between 2004 and 2011. During that period, the price of gold skyrocketed from
We współpracy z: https://finbold.com/gold-surged-350-after-first-etf-approval-could-bitcoin-do-the-same/
