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Bitcoin may follow gold's spike in 2024, Lark Davis claims, here's why, Bitcoin may repeat the 2004 scenario of gold, when the yellow metal surged in price after the first ETF was released by State Street Corporation.
Davis wrote that once a Bitcoin spot ETF launches, new investors will bring 20-30 billion USD into Bitcoin by grabbing around 50% on crypto exchanges at today's prices. The YouTuber backed his words with a chart showing that following the launch of the gold ETF, its price started rising in late 2004 from $400 per ounce and reached a peak of $1,939 in 2011. The same will happen to Bitcoin, believes Davis.
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Bitcoin May Follow Gold's Spike in 2024, Lark Davis Claims, Here's WhyCrypto blogger Lark Davis suggests Bitcoin can follow gold's price when it began to soar in 2004
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