To all those who read my opinions in different topics, you know that I'm cynical towards BlackRock's Bitcoin ETF because of the vague wording used about hard forks in their registration statement.
I want to get that out first before making the "shower thought" for the topic.
From an investment perspective, OK, I'm curious if anyone knows, when was the first modern ETF for Gold issued? Wikipedia says it was during 2003.
The first gold ETF launched was Gold Bullion Securities, which listed 28 March 2003 on the Australian Securities Exchange, by ETF Securities and its major shareholder, Graham Tuckwell.
https://en.wikipedia.org/wiki/Gold_exchange-traded_product
Zoom out Gold's chart to the maximum and look starting at 2003. Merely my two sats, but believe it will be the same for Bitcoin. It will have one of its greatest price trajectory we have ever seen during the next real bull cycle. Perhaps the same as 2015 - 2017, perhaps more?
I know franky1 doesn't believe it, we have debated about it before. Although he made a good point, he didn't consider the Cabal's long term, and possibly unlimited, printing of fiat.
On the road to $500,000.
I want to get that out first before making the "shower thought" for the topic.
From an investment perspective, OK, I'm curious if anyone knows, when was the first modern ETF for Gold issued? Wikipedia says it was during 2003.
Quote
The first gold ETF launched was Gold Bullion Securities, which listed 28 March 2003 on the Australian Securities Exchange, by ETF Securities and its major shareholder, Graham Tuckwell.
https://en.wikipedia.org/wiki/Gold_exchange-traded_product
Zoom out Gold's chart to the maximum and look starting at 2003. Merely my two sats, but believe it will be the same for Bitcoin. It will have one of its greatest price trajectory we have ever seen during the next real bull cycle. Perhaps the same as 2015 - 2017, perhaps more?
I know franky1 doesn't believe it, we have debated about it before. Although he made a good point, he didn't consider the Cabal's long term, and possibly unlimited, printing of fiat.
On the road to $500,000.
I don't think $500,000 would be realistic to get right away. But technically speaking 6 digits is probable around $100,000. That said also with BTC halving, seasonal tendency, and also market correlation with the USD going lower, BTC is truly likely to go higher along with other risk assets until proven that it is reverting back to lower prices.