BlackRock ETF stirs US Bitcoin buying as research says ‘get off zero’

Bitcoin is poised to become the “society’s base money,” claims Luke Broyles, an investor, as U.S. Bitcoin ownership rises. According to Broyles, Bitcoin’s inherently limited emission will impact how all innovations compete with each other in the future, with the precious asset drawing in “all prosperity gains.” Subsequently, the investor portentously preaches that those who have no exposure to Bitcoin may find themselves left behind. Moreover, these sentiments are shared by former BitMEX CEO, Arthur Hayes, who pointed out that artificial intelligence will likely favor Bitcoin not only due to its certain quality, but also out of economic self-preservation. Meanwhile, this trend has already indicated itself as Bitcoin liquidity topped during the market crash of March. This may have further amped up following a disclosure of BlackRock evaluating a BTC ETF application. An analysis from Glassnode evidenced how the U.S.’ Bitcoin exposure proceeded to surge following this information.

It is in consequence of this environment that Broyles stresses the importance of getting ahead of the game and “getting off zero” regarding Bitcoin exposure, arguing herit recommending anyone or they have of it is mildly understated.

Robert Wilson author
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