Over time, the approval of crypto ETFs in the U.S. could represent a similar disruption in market structure as the one seen in gold. It could shift the narratives around BTC (store of value) and ETH (crypto tech play) closer to a traditional investment asset. In other words, ETF investors may be following different narratives and demand functions (say, portfolio rebalancing or disposable income) to crypto native investors, the same way as Asian central banks buy gold for different reasons than traditional investors.
Holding the Wrong AI Crypto Could End in Disaster. Can Mind of Pepe Become a Winner in 2025?
Marc Chaikin is a legendary figure on Wall Street, renowned for spotting market trends before they unfold. His insights have...
