🔥 How The Gold ETF Can Predict Bitcoin's Performance After ETF

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In many of my recent BTC analyses I've been talking about my view on the ETF. My prediction was that the ETF would be a sell-the-news event and mark a local top. Thus far, my view has been correct.

In this analysis I want to take a look at the Gold ETF and its effect on the short- and long-term price movement of the underlying asset Gold.

My short-term view on both ETF launches is as follows:
- Whales (big banks and the like) buy the rumour. Likely, they have more knowledge about the ETF launching than the retail investors.
- ETF launches, whales create hype around the ETF to lure retail in.
- Whales sell their assets to retail, which drives the prices down.

As per Bitcoin, the correction has just started in my view. We can go much lower from this point.

However, this ETF is great news in the long-term. As seen on the bottom chart, Gold went up for almost 7 years after the ETF launch. I doubt that BTC will go up for 7 years, but the statistics don't lie. An ETF is a great way to lure more traders to the market.

Think about it, how many more people will buy crypto during bull-markets when it's as accessible as a stock? This ETF could very well put increasing bullish pressure on Bitcoin's price, potentially bringing the next-bull market top to unforeseen highs. A man can hope.

Share your thoughts about the short- and long-term price action of BTC after the ETF.