Veteran Analyst Picks BTC Over Gold As Spot Bitcoin ETFs Recover -…

ByBitcoin21

Sep 26, 2024

Veteran Analyst Picks BTC Over Gold As Spot Bitcoin ETFs Recover

Gold has soared to a new all-time high, driven by the recent Fed rate cut and geopolitical tensions. However, veteran analyst Peter Brandt reiterates his position on Bitcoin (BTC), signaling the cryptocurrency as the better asset to hold for profit. The recent development on Gold has left investors wondering when Bitcoin (BTC) will break a new all-time high amid the recovery on Spot Bitcoin ETFs. However, investors have set eyes on a new market opportunity with the ETFSwap (ETFS) presale promising a potential 30,000% price move.

ETFSwap (ETFS) Sets The Stage For The Biggest Market Gains This Year

ETFSwap (ETFS) has won favor over other crypto investments in the market. The new project will emerge as an Ethereum-based platform that delivers the ETF market on-chain. Capitalizing on the momentum surrounding ETFs and real-world assets, this emerging ETF platform sets the stage for early investors to make huge profits. More so, ETFSwap (ETFS) has gained more traction as Spot Bitcoin ETFs recover from a negative streak of outflows. With confidence growing again on Spot Bitcoin ETFs, investors are targeting market opportunities that are key to these market narratives.

ETFSwap (ETFS) will offer a more convenient platform for trading ETF assets than existing centralized platforms. This decentralized platform serves as a bridge between both markets, combining the best of both worlds and expanding the possibilities in the ETF market. The tokenized ETFs will be backed by actual securities from traditional markets and managed through partnerships with MiCa-compliant investment banks that trade cryptocurrencies and securities. Also, users can trade on ETFSwap (ETFS) without providing KYC information, thereby preserving their privacy as blockchain platforms allow.

Furthermore, ETFSwap (ETFS) has announced its phase 1 beta launch on September 28, which allows early access to the platform. The beta platform will include features such as liquidity pools, staking mechanisms, real-time ETF prices, DeFi swaps between ETFs and cryptocurrencies, and many more.

ETFSwap (ETFS) will look to improve on the feedback received ahead of the phase 2 beta, which will feature the advanced AI-powered ETF Screener and Finder. These tools will function as algorithms providing investment recommendations to users based on extensive data analysis. Also, the ETFSwap (ETFS) has passed the KYC audit done by SolidProof, verifying the legitimacy of the team.

Peter Brandt Believes Bitcoin Can Grow By Over 400% Against Gold This Year

Gold has soared to a new all-time high of $2,609 and has drawn comparisons with BTC, which is considered digital gold. Although BTC is already outperforming gold this year, veteran Peter Brandt says he expects BTC to grow by over 400% versus gold. BTC has massively outperformed Gold since its launch, and the rally has grown stronger, especially with the recent momentum on Spot Bitcoin ETFs. Recent predictions suggest that BTC could be on the verge of a massive rally, and Brandt cites a classic technical pattern in the Bitcoin-to-gold ratio.

The Bitcoin-to-gold ratio measures BTC’s adoption against gold. Brandt highlights an inverse head-and-shoulders on the chart, signaling a rise in the ratio. Anthony Scaramucci joins other analysts who believe BTC will eventually surpass gold’s market capitalization, which currently stands at over $17 trillion. The prospects of BTC taking over gold have further been fueled by the rapid adoption of Spot Bitcoin ETFs. 

Spot Bitcoin ETFs have been a significant source of liquidity for the crypto asset as they attract TradFi funds. Since going live on the market in January, Spot Bitcoin ETFs have amassed over $17 billion in inflows with the potential to reach as high as $220 billion in 2027, with gold ETFs as standard.

Conclusion

Spot Bitcoin ETFs have recovered well over the past week and look to rally in the new week, driving TradFi investment in BTC. Although Bitcoin (BTC) gets traction against gold as the precious metal reaches a new all-time high, market opportunities like ETFSwap (ETFS) present unique profit opportunities. 

ETFSwap (ETFS) stands to gain much more from the growth of Spot Bitcoin ETFs, and it would be a smart play to buy early on the ongoing presale. Buy now at $0.03846 per token on the final presale stage before the window closes.

For more information about the ETFS Presale:
Visit ETFSwap Presale
Join The ETFSwap Community

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