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 $500,000.
I think 500,000$ is actually realistic for the next bull run, the next bitcoin halving event could easily trigger the market to skyrocket, and based on our experience with the bitcoin halving it could easily boost the market price up to 1000% easily right after the bitcoin halving, if we are going to look at the bitcoin halving timeline chart we are going to notice the price increase right after the bitcoin halving. Last 2013 when bitcoin halving happened the market price last 2011 was just around 2.54$ and skyrocket up to 1007$ which is really a lot of pumps considering that bitcoin is just a new technology. Then the next bitcoin halving skyrocket the price to 2500$ and then the next one is up to 56k$ which is really a big pump, if you're going to base our price projection on that we could easily project a 500k$ up to a million dollars, but still, there are a lot of factors that could easily affect that because that is just a lot of money that needed to be put on bitcoin to pump that price. When institutions start to invest as well I think that is what is going to trigger that.