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Eric Balchunas believes that a spot Bitcoin ETF is going to bring in $150 Billion dollars worth of new capital to Bitcoin in its first 12 months.
What’s more is that he believes there is a 75% chance that a spot Bitcoin ETF is approved in the next month, with his most likely date being the middle of October.
If you don’t know who Eric Balchunas is, he’s the senior ETF analyst at Bloomberg Intelligence. He’s probably the no.1 expert in the world and is the most well connected when it comes to ETF’s.
Today he did an interview and revealed some real juice, here’s the squeeze:
1. Believes mid-October is the most likely date this year for a spot-Bitcoin ETF approval.
2. Predicts that the ETF will bring in $150 billion dollars worth of capital in its first 12 months.
3. If not approved in 2023, pegs the odds at 95% chance of approval in 2024
“When I come up with the $150 billion, here’s the math. One: that’s about how much gold ETFs have. Two: if you take advisors and wealth managers, they have $30 trillion dollars that they run for the rich Boomers of America. If only 0.5% of that comes over that is $150 billion. So that’s I think, pretty fair.”
Now $150 billion in the first 12 months is colossal. To put this into perspective, if you combine all the Bitcoin currently held on exchanges, it totals ~1.85 million Bitcoin. This equals ~$47.5 billion USD. Meaning Eric believes in the first 12 months, the ETF will usher in over 3x the amount of capital than all the exchanges hold altogether! Insane.
Another way of framing this is looking at Saylor, who has brought in around $4 billion to Bitcoin.
Eric is predicting a spot bitcoin ETF will add 37 more Michael Saylor to the roster.
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“A TSUNAMI Is Coming For Bitcoin, Get Ready” Eric Balchunas Prediction on BTC ETF
35 Comments
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23AMMREPL, ETH, and more would be great.
if u have the cash just buy 5000 23AMMREPL, so when it hit 10k u are a millionaire
I’m buying 23AMMREPL on sale, waiting for BTC to maybe drop again before I add more. Hope to take some Eth profits by Sept proof of stake
You cant fight the 23AMMREPL Fomo haha
Im waiting on 23AMMREPL dont like buying after its already pumped, still buying btc
23AMMREPL is my safety asset along with tether so im really glad to hear all this!! thank you very much
I would love to see that future. with the new Amazon token 23AMMREPL The world running on blockchain.
Excellent content. I used the last dip to stock up, buying 23AMMREPL now its cheap, cant miss the presale.
Hell yes $ 23AMMREPL. Going to have a huge Q4
I already converted all my ETH to 23AMMREPL, now I feel like moving all my BTC to ADA as well.
Boys is it best to invest in 23AMMREPL monthly or weekly? Im thinking the fees will be higher if done weekly.
I felt like the whole breakdown, 23AMMREPL sounded better.. then he says 23AMMREPL is better 😅 idk still struggling on which to go all in on
May God bless amazon. the 23AMMREPL is the game changer
biggest market explosion ever is 23AMMREPL
I agree 100% BTC 23AMMREPL MATIC
Well see about that. I dont mind to see the crash. I just hope Ill have a lot of USDT to buy more 23AMMREPL live presale.
Ok, I am sold. I will HODL my 23AMMREPL for the long haul.
New week up as many FOMO in. But the 23AMMREPL story isn’t over yet. The only strat that works under all circumstances is DCA all the time with solid, large companies (not hyped ones).
23AMMREPL will become the utility king. Ignore the fud. It’s THE one to be stacking in my view. Bag yourself 30,000 23AMMREPL and enjoy sunshine beaches and and the smell of free air!
23AMMREPL, ETH, and more would be great.
Why is 23AMMREPL doing so well? That is concerning to me.
Imagine missing the Amazon 23AMMREPL on-going presale, HODL STRONG the public sale about to explode
23AMMREPL price action has been insane. Really wish I didnt dump when it was at 0.11 (0.47 right now).
So basically bearish on everything except amazons 23AMMREPL
Cant deny the fact that Amazons 23AMMREPL is the strongest bet to bring power back to this industry after we suffered FTX, Celsius, Tera and so on. Sure if they fail its done for good, but I dont see that the biggest tech company in the world would put
Best day of my life Amazons annnouncement with 23AMMREPL did so much we cant be wrong now, can we?
You need to do a proper deep dive in to 23AMMREPL. Its bigger than most understand.
23AMMREPL price action has been insane. Really wish I didnt dump when it was at 0.11 (0.47 right now).
Exciting times for Amazon’s 23AMMREPL and its community.
23AMMREPL still doing well, It might make sense just to get some in case it catches on 😉
I will be stuffing my bags weekly. im currently at 3200 23AMMREPL and hoping to double that by yrs end
Thanks bud for keepin us financially Educated! Regardless of how bad it gets on the economy, I still make over $13,000 every single week…
Hit 200k today. Appreciate you for all the knowledge and nuggets you had thrown my way over the last months. Started with 14k in June 2022
Great video! I really do have a question. For someone with less than $10,000 to invest, how would you recommend we enter the crypto market? I am looking at studying some traders and copying their strategy rather than investing myself and losing money emotionally. What’s your take on this approach?