Macro Expert Lyn Alden’s Take on Bitcoin ETFs
Bitcoin ETFs may not instantly impact the price of the leading cryptocurrency, according to macroeconomist Lyn Alden. In an interview on the Blue Collar Bitcoin YouTube channel, Alden explains that while Bitcoin ETFs might not be the primary catalyst for a bull market, they could potentially attract more inflows, pushing BTC to greater heights.
ETFs and the Bull Market
Alden expresses doubt that ETFs will drive the next bull market, but acknowledges that they could contribute to its success. As the bull market materializes, ETFs could serve as another avenue for inflow, making the bull market more robust than it would be without them. Alden notes that money often follows price, which could lead to increased demand for Bitcoin.
Catalysts for the Next Bitcoin Price Surge
Alden believes that the next Bitcoin price expansion will likely be triggered by the same factors that ignited past bull markets. She points out that Bitcoin is highly correlated with global liquidity metrics, more so than any other asset she tracks. When liquidity increases, it tends to have a positive effect on the Bitcoin price.
Alden suggests that the next bull market will occur when Bitcoin breaks all-time highs. At this point, people and their registered investment advisers may start asking why they aren’t investing in Bitcoin, especially since ETFs will have already been available for some time. This could lead to increased inflows, further driving up the price of Bitcoin.
At the time of writing, Bitcoin is trading at around $39,972. For the latest updates on Bitcoin and other cryptocurrencies, consider using the cryptoview.io application. Track cryptocurrency with CryproView.io
