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5 Powerful Reasons Bitcoin Could Soar to $100K With a Spot ETF Approval
The breakthrough moment is almost here
We’re entering uncharted territory but it feels exciting.
It’s the holy grail that crypto fans, investors, and even the skeptics have been waiting for.
The legitimacy that a Spot ETF brings will catapult Bitcoin into the financial mainstream where the big players are.
Here’s why this event will be a major catalyst for Bitcoin’s price.
#1 — Boomers will enter the market
The real money isn’t in the hands of millennials snapping endless pics for Instagram.
The boomers have it.
They sit on piles of retirement savings.
Note: The median wealth in savings for Baby Boomers in the U.S. is $202,000.
With a spot Bitcoin ETF, there will be a lower barrier to entry into the space. They don’t need to understand blockchain. They can just buy this ETF through their regular broker very soon.
So wait for a wave of boomer bucks to go into Bitcoin soon.
#2 — Institutional sales teams will be the biggest marketing display for BTC in all its history
Think of the number of calls to big clients that the sales teams of BlackRock and Fidelity will be doing trying to push for the Bitcoin ETF.
They’ll be selling the future of finance to these rich folks and think how many will FOMO in.
These giant companies will compete like never before.
And this will bring the big bucks to the crypto space.
#3 — Bitcoin ETFs could mirror gold’s dynamics
Look at the gold market.
The top two ETFs dominate with 85% of the industry’s assets under management (i.e. SPDR Gold Trust and iShares Gold Trust).
If Bitcoin ETFs follow suit, early movers could corner the market.
And let’s not forget fees.
