Major Analysts Predict: $6 Trillion Investors on Standby, Bitcoin (BTC) Move Could Be Imminent
- According to an analyst, US investors with $6 trillion in assets could eventually turn to Bitcoin.
- Retirees in the United States, collectively holding about $6 trillion in public pension assets, are increasingly looking at Bitcoin ETFs as a potential investment opportunity.
- Despite breaking entry records since their launch in January, the new spot Bitcoin ETFs have not yet fully demonstrated their potential, the analyst says.
US investors with $6 trillion in assets are increasingly looking at Bitcoin ETFs as a potential investment opportunity, according to an analyst. Despite breaking entry records since their launch in January, the new spot Bitcoin ETFs have not yet fully demonstrated their potential.
Bitcoin ETFs and Retirement Accounts
Darius Tabai, co-founder of the decentralized exchange Vertex, believes that the real power of these ETFs will be revealed when millions of people with retirement accounts are exposed to these products. He predicts that when this happens, “coins will be continuously bought”. Tabai, a former global head of metal trading at Merrill Lynch and Credit Suisse, explained that ETFs tend to suck in assets. “They go in one direction unless they are very poorly managed,” he said. However, after two months of aggressive entries, there were days with no entries at all in most funds and even some cases of net exits.
The Nature of Wall Street
According to Tabai, this is in the nature of Wall Street. “People don’t distribute their capital all at once,” he said... Read the full article for FREE at COINOTAG!
