Look at what happened when the gold ETF launched back in 2004.
Looks like a big run up going into it, then a cool down consolidation period, then a huge melt up?
This could happen with #Bitcoin .
A big difference of course is after that the gold ETF launched (there was more demand) they started mining more gold. They increased supply.
With Bitcoin they cannot do that. In fact supply flow gets cut in half in just a few months.
❤️ & RT if you agree (follow for more)
