2.1 Bn in 5 days

Bullish on Bitcoin? You bet, everything is pointing in a direction of a major upwards move. The 12 Bitcoin ETF's saw an influx of 2.1 billion USD in the last 5 days, with yesterday alone, an influx of a whopping 470 million dollars.

With that top up, the total holdings of all 12 Bitcoin ETF's combined is over 20 billion USD. That number doesn't say much in itself, as the total Bitcoin market capitalization is over 1 trillion dollars. But it is an important landmark. Compare it with the gold ETF's, it took them 5 years to reach a total valuation of 20 billion dollars. Compare that to how fast Bitcoin has managed to pass that mark.

Bitcoin is vacuuming up the market of cash, together with gold these days, and it isn't going to stop here. The expectations are that the 25 billion mark is going to be broken in a matter of weeks.

The passing of the 20 billion dollar mark coincided with the reaching of Bitcoin's value of 65000 USD, and that is also a very important part of the puzzle. At the moment Bitcoin is trading above 68000 USD, and it could go up fast from here.

Gold and Bitcoin are surging together, also a very important metric for the future of Bitcoin. It is really the digital gold that it has been named by a lot of analysts.

We are in for some very exciting times!

Sincerely,

Pele23

Posted Using InLeo Alpha