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Bloomberg Analyst Defends Bitcoin ETFs Impact On BTC Price Coingape 02 Nov 2024

Bloomberg Analyst Defends Bitcoin ETFs Impact On BTC Price 💹

Bloomberg analyst Eric Balchunas has addressed the ongoing debate about Bitcoin's stagnant price performance despite significant inflows into Bitcoin ETFs. He believes that these ETFs are having a positive effect on Bitcoin’s value, but it may not be immediately reflected in price surges.

In contrast, Jim Bianco has voiced his concerns regarding Bitcoin’s price stability, suggesting that factors other than ETF inflows may be influencing current market behavior.

Source: coingape.com ↗