Markets Outlook Crypto Update | Bitcoin Would Be $20K If Not for the ETFs: Analyst
Aug 12, 2024
Eric Balchunas, a Senior ETF Analyst at Bloomberg Intelligence, shares his expert insights on the transformative effect of spot bitcoin ETFs on cryptocurrency prices. He emphasizes that without these ETFs, Bitcoin could have plummeted to $20,000. Balchunas discusses the strong investor commitment to Bitcoin ETFs amidst market fluctuations and how firms like Morgan Stanley are reshaping dynamics for affluent clients. The conversation takes a humorous turn, critiquing emotional reactions in the crypto community while examining the role of major institutions in legitimizing digital assets.
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