Bloomberg analyst Eric Balchunas highlighted a significant milestone for US spot Bitcoin ETFs, which have now surpassed $20 billion. This achievement was noted as particularly remarkable, as Bitcoin reached this mark in just 10 months, a feat that took gold five years.
Balchunas' comparison underscores the rapid growth and increasing acceptance of Bitcoin in mainstream finance, echoing sentiments that Bitcoin is becoming a crucial asset in financial markets, much like gold has been over decades.
