The post VanEck Advisor Prioritizes ETF’s Long-Term Impact on Bitcoin appeared on BitcoinEthereumNews.com.

VanEck advisor Gabor Gurbacs shared insights on his long-term bullish perspectives on Bitcoin ETFs. Gurbacs drew a parallel with the price growth of gold following the first gold ETF launch. Arguing against people’s short-term hype on ETF, he posited that the approval of a U.S. spot Bitcoin ETF may create $ Trillions in value. 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. In my view, people tend to overestimate the initial impact of U.S. Bitcoin ETFs. I think maybe a few $100mm flows (mostly recycled) money. Long term, people tend to underestimate the impact of spot Bitcoin ETFs. If history is any guide, gold is worth studying as a parallel. https://t.co/6vvkA9aC09 — Gabor Gurbacs (@gaborgurbacs) December 31, 2023 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, <blockquote> “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.” <blockquote> Previously, Gurbacs shared insights on the appreciation of gold prices following the first gold ETF launch. The global investment advisory firm State Street launched the first gold ETF in November 2004. He narrated the astounding price trajectory of gold, asserting that the price quadrupled…

---

Filed under: News - @ January 1, 2024 8:16 am