Bitcoin ETFs could be three times bigger than their gold counterparts as younger investors grow up, according to Eric Balchunas, senior ETF analyst at Bloomberg. Bitcoin ETFs, which debuted in 2024 after a decade of SEC denials, currently manage nearly $100 billion in assets according to Coinglass. Balchunas compares Bitcoin to « gold as a teenager » – gold is 5,000 years old while Bitcoin is only 17 years old. He predicts younger generations will embrace Bitcoin as an inflation hedge and censorship-resistant asset. As Bitcoin’s volatility decreases to approach that of gold, big institutions are expected to increasingly view it as a reliable store of value and safe haven.
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