Posted 10/27/2023, 12:00:41 AM
Bitwise CEO Forecasts $50B Could Flow into Bitcoin ETF in First 5 Years
- Bitwise CEO predicts $50B could flow into a Bitcoin ETF in first 5 years after launch
- In first year, estimates $5B could flow into a spot BTC ETF
- This new ETF demand combined with decreasing supply from halving could increase Bitcoin's value
- But unclear exactly how much a spot Bitcoin ETF could increase demand and price
- Without an ETF currently, there's already $20B in the Grayscale Bitcoin Trust
