tl;dr
VanEck advisor Gabor Gurbacs shared his long-term bullish perspectives on Bitcoin ETFs, in contrast to the community’s overestimation of its short-term impact. Reflecting on the long-term impact of Bitcoin ETFs, Gurbacs argued against people’s hype on ETFs’ short-term impact, positing that the ETF l...
VanEck advisor Gabor Gurbacs shared his long-term bullish perspectives on Bitcoin ETFs, in contrast to the community's overestimation of its short-term impact. Reflecting on the long-term impact of Bitcoin ETFs, Gurbacs argued against people's hype on ETFs' short-term impact, positing that the ETF launch would initially trigger the net inflow of around $100 million in funds, mostly recycled money, from institutional investors.
Portraying the exchange-traded funds' long-term impact on Bitcoin's price, Gurbacs took the analogy of Gold. Reflecting on a previous tweet shared on December 6, Gurbacs reinforced the potential prolonged benefits of ETFs. He cited, "People tend to hype the current thing but remain myopic about the big picture. Bitcoin is forcing its own capital markets systems and products well beyond the ETF and that's not priced in. The question is not what BlackRock adopts, but what Bitcoin company is the next BlackRock."
Previously, Gurbacs shared insights on the appreciation of gold prices following the first gold ETF launch. Drawing parallels with gold, Gurbacs affirmed, "The approval of a U.S. spot Bitcoin ETF may create $ Trillions in value." He added that Bitcoin would follow "gold's blueprint from 2004" after the launch of the first Bitcoin ETF, repeating history. James Seyffart, Senior Bloomberg Researcher, agreed with Gurbacs' comments on the community's ignorance of the long-term benefits of the ETF. He wrote on X, "Consensus seems to be (anecdotally) that People are focused on a massive short-term impact that I think could be a bit of a letdown while at the same time not fully appreciating the potential longer-term impacts."
Disclaimer:
This is not financial advice. Please do your own research before investing in any asset.