ETFSwap (ETFS) Set To Evolve Spot Crypto ETFs as Analyst Says Bitcoin Is A Better Long-Term Asset Than Gold
The post ETFSwap (ETFS) Set To Evolve Spot Crypto ETFs as Analyst Says Bitcoin Is A Better Long-Term Asset Than Gold appeared on BitcoinEthereumNews.com.
Advertisement     Recently, Juan Leon, the senior strategist at Bitwise Asset Management, highlighted research that indicated the possibility of Bitcoin (BTC) being a better asset than gold. As he discussed the influence of Bitcoin (BTC) during the United States (US) election cycle, he also highlighted the performance of spot crypto ETFs— a sensation that is bound to evolve further with the launch of ETFSwap (ETFS). Study Reveals Bitcoin (BTC) as a Superior Long-Term Asset to Gold According to a recent study by Leon, long-term holders may find greater value in Bitcoin (BTC) than in gold during stock market sell-offs. In this research, he pointed out the growing reputation of Bitcoin (BTC) as a resilient store of value, outperforming gold in terms of potential returns and market adaptability. As the strategist stated, this study comes at a time when spot crypto ETFs are receiving even more attention. These ETFs offer easier access to digital assets. Since their launch this year, these ETFs have shown excellent performance, boosting the appeal of Bitcoin (BTC) as a superior asset class. As the 2024 US Presidential election approaches, cryptocurrencies are poised to take center stage in portfolios, with Bitcoin (BTC) possibly benefiting from increased adoption. Bitcoin (BTC) has already underscored its potential to reach higher levels, with a previous ATH price achievement of above $73,000 in March 2024. However, the cryptocurrency is trading at $59,263 at the time of writing, according to CoinMarketCap. ETFSwap (ETFS): The Future Of Crypto ETF Trading And A Prime Opportunity Built using blockchain technology, ETFSwap (ETFS) is a unique platform that leverages the strengths of DeFi and Artificial Intelligence (AI) to allow users to buy and trade tokenized ETFs. These ETFs are unique products backed by real-world assets and made easily accessible through tokenization. Advertisement   Due to its…
Filed under: News - @ September 1, 2024 5:59 pm