ETF hype might trigger a Bitcoin supply shock, says Decimal founder
Decimal Digital founder Henry Robinson projects a potential Bitcoin supply shock amidst the growing investment inflow in spot Bitcoin ETFs. In an exclusive comment to crypto.news Robinson remarks that Bitcoin ETFs are a game-changer, poised to revolutionize the industry by unlocking unprecedented investment opportunities. According to him, these financial instruments will attract substantial new investments into Bitcoin from diverse sectors, including pensions, endowments, insurance companies, sovereign wealth funds, and trusts. Robinson’s insight comes following the U.S. SEC’s approval of several Bitcoin ETFs, which has sparked a trading frenzy with reports indicating a staggering $500 million traded within the first 20 minutes. Despite the initial trading excitement, he offers a cautionary perspective on the availability of Bitcoin to meet burgeoning demand. There might be a potential “Bitcoin supply shock” on the horizon that could result in violent pri...