After First GOLD ETF Approved, XAU/USD Prices Rising 346%
-The Gold ETF was introduced on 18 November,2004. The market price of gold was $444.30/oz
Gold was lower 24 hours after the gold ETF launched… ($443.70/oz)
Still lower, some 24 days after gold ETF was launched ($436.95/oz)
-A couple of months after the launch of that gold ETF, spot price for gold traded at around $700.00/oz
Back in the day, when SPDR Gold shares launched the very first gold ETF ($GLD) in Nov 2004 where XAU price was at around ~$444 it rallied up to a new all time high of $2,450 +346% by Aug 2011.
It’s worth noting that following the approval of the gold spot ETF, it never fall back to its initial price.
Wow, the approval of the Bitcoin ETF at $44,000 is quite significant. It’s interesting to note that this mirrors the impressive 346% return that gold experienced after its first ETF approval back in 2004. If Bitcoin were to achieve a similar return, its price would reach a staggering $150,000. As someone with expertise in financial matters, I can provide you with guidance and advice to help you make informed decisions.
. What would be the potential value of Bitcoin if it follows the same trajectory as the ETF rally of Gold?
What will be the price of bitcoin if it follows the gold’s ETF?
The approval of the first Bitcoin (BTC) ETF occurred on October 15, 2023.
BTC was traded around $44,000 when the SEC (Securities and Exchange Commission) approved the ETF of BTC. After the approval, BTC price instantly rose to $48,969. Then, after a few days, the price fell back to $38,555. Then real surge began after the ETF approval. Now, in April 2024, BTC is traded around $65,000-$70,000. If BTC mirrors the gold rally, BTC price could surge to $120,000-$140,000 in 2025.
Given these key statistical figures, the institutional approval of the Bitcoin ETF could potentially lead to further price increases for BTC, potentially reaching a new all-time high of $120000 in the near future.
First Gold ETF (GLD) introduced by SPDR Gold Shares @ November 2004 Price of XAU Amidst $444 It climbed 350% in August of 2011 to reach an all-time high at $2,450.
This puts the U.S. stock market at a combined value of $40.5 trillion dollars in total market capitalization (as May 3, 2020.)
An ETF for BTC is essentially a tool that simplifies the process for institutions and traditional investors to include Bitcoin as a distinct asset class in their portfolios, without requiring a wallet or exchange account.
