Michael Saylor: Bitcoin ETFs Will Overtake Gold ETFs
Michael Saylor, founder of MicroStrategy, says that new spot bitcoin ETFs from the likes of BlackRock and Fidelity are proving to be more successful than he thought they would be. He believes that Bitcoin has moved up the charts to compete with the SP 500 ETF, and predicts that while gold ETFs are still the largest commodity ETFs in the U.S., they will be surpassed by their Bitcoin counterparts in the near future.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
In the past 7 days, only 11 public chains had fee revenues exceeding $100,000.
Chainlink reserves increased by approximately 89,000 LINK tokens, bringing total holdings to around 974,000 LINK.
The Bhutan government address has reportedly sold another 160.35 ETH through OTC trading.
Trending news
MoreCrypto prices
More
