Topic: Bitcoin - The road to a SIX DIGIT price valuation - page 5. (Read 753 times)
To tell you the truth, I personally am more skeptical that this ETF will give as much to Bitcoin as it did to gold. Gold is hard to buy, hard to sell, each transaction carries the risk of fraud (fake gold), requires a physical transfer to the mint/store and has a huge spread. Gold ETF solved all these problems and made it possible for you to buy physical gold in 2 clicks from home. The same cannot be said for bitcoin, because bitcoin is like gold with build in ETF. It's easy to buy, easy to sell, divisible to cents. And it's not like the ETF will open doors to big institutions either. Microstrategy didn't need an ETF to buy nearly 1% of all bitcoins.
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.
Jump to: