Bitwise CEO Predicts $50 Billion Inflow to Spot Bitcoin ETF Within First Five Years
According to Bitwise CEO Matt Hougan, a spot Bitcoin ETF could attract $5 billion in the first year and up to $50 billion in the first five years. Hougan believes that a spot BTC ETF will increase demand for Bitcoin, but the impact on the value of Bitcoin is unclear.
However, he sees the combination of net new demand and decreasing supply due to the halving as an exciting opportunity for investors.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Web3 Watch: FIFA officially licenses blockchain-based mobile game
Plus, Suntory Group tokenizes Premium Malt’s beer on Avalanche
What is altcoin season and why can these 5 coins grow 5x?
Polymarket platform is now unavailable for users in France
Sui Foundation Partners with Asset Manager Franklin Templeton
Trending news
MoreCrypto prices
More
