Bloomberg analyst says BTC ETF cycles may mirror gold ETF boom and bust trends
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🟠 Bloomberg's Eric Balchunas says Bitcoin ETF cycles may echo gold ETF booms and busts.
🟡 Institutional demand for $BTC ETFs is expected to surge and retreat in cycles over time.
🟠 Gold ETFs like GLD saw dramatic ups, downs, and new peaks during a 22-year timeline.
🔍 Both Bitcoin and gold ETFs depend heavily on investor flows, not on cash-generating assets.
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