The introduction of Bitcoin ETFs has significantly changed market dynamics, reducing volatility. Analyst Mitchell Askew emphasizes that BTC will no longer face parabolic rallies or sharp declines, indicating a steady market ahead.
Looking ahead, Askew projects that BTC could hit 1 million USD in the next 10 years thanks to stable oscillations between price increases and consolidations, distancing from dramatic price changes.
Eric Balchunas from Bloomberg notes the reduced volatility may attract institutional investors, enhancing BTC’s role as a currency. Despite retaining significant net inflows, retail investors are increasingly preferring ETFs for Bitcoin exposure instead of direct holdings.
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