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Bitwise CEO Predicts $50 Billion Inflow to Spot Bitcoin ETF Within First Five Years

Bitwise CEO Predicts $50 Billion Inflow to Spot Bitcoin ETF Within First Five Years

CointimeCointime2023/10/27 01:33
By:Cointime

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.

0

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.

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