Bloomberg analyst Eric Balchunas: The holdings of BTC in the U.S. Bitcoin spot ETF are expected to break through 1 million coins by next Wednesday

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Bitget2024/10/29 14:11

Senior Bloomberg ETF analyst Eric Balchunas said that the total amount of Bitcoin held by U.S. spot Bitcoin ETFs is expected to reach 1 million next Wednesday, and surpass Satoshi Nakamoto's holdings in mid-December. Currently, it increases by about 17,000 BTC per week.

However, anything is possible, such as a severe sell-off delaying this process, but it is still inevitable. On the contrary, if prices continue to rise and Trump wins the election, we may see a surge in FOMO (Fear Of Missing Out), accelerating this process.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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