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Jon🎭
@blackboys
Is BTC Overtaking Gold? 🟠Bloomberg analyst Eric Balchunas compared the capital inflow into Bitcoin ETF and Gold ETF, and the results are surprising. In 9 months, BTC ETF attracted $17.7 billion, which is 5% of the total capitalization of Bitcoin. For comparison, Gold ETF is only 1% of the value of all gold on the market. 🟠It took gold 22 years to reach these figures, and Bitcoin less than a year. The comparison is obvious, but there is a small nuance: gold has a much larger capitalization, so the race continues.
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