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Bitcoin Spot ETF: Will BTC Mimic Gold's 2004 Price Surge? Analyst Weighs In

Bitcoin Spot ETF: Will BTC Mimic Gold's 2004 Price Surge? Analyst Weighs In
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Two financial powers are preparing to enter the market. Bitcoin on the cusp of a major shift

Bitcoin's market dominance reached 50% on June 19, and has since stabilized at 49.9%. The two largest financial powerhouses, BlackRock and Vidalty, have announced their willingness to enter the bitcoin market extensively. BlackRock has $10 trillion and Fidality has $4.5 trillion in assets under management. If only 0.3% of the funds managed by these companies were allocated to bitcoin, it would be enough to get all the bitcoin available on exchanges. The increased demand caused by these influential players entering the market could push Bitcoin to new heights, attract more investors and bring more legitimacy to cryptocurrencies. ....

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