SEC Bitcoin ETF Decision Could Unleash Flood of Retail Demand into Inelastic Bitcoin Market

There is huge unmet demand for bitcoin that can't access it without SEC approval of a spot ETF.

Bitcoin supply is fixed, unlike gold where production rises with price.

Bitcoin pricing may be more inelastic than other assets.

An ETF could bring a flood of new retail money into bitcoin.

This retail demand may already be priced in, risking an ARK-like surge and reversal.