$6 Trillion On The Sidelines: Bitcoin Will Benefit?

[taskmaster4450]

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Here is the article mentioned in the article:

https://www.forbes.com/sites/digital-assets/2024/05/16/still-early-sudden-6-trillion-fed-inflation-flip-predicted-to-unleash-a--bitcoin-ethereum-xrp-and-crypto-price-boom/?sh=5bd087ca3b2e

There is an estimated $6 trillion on the sidelines waiting to enter the markets. This could really help Bitcoin when it enters due to the Bitcoin ETF.

In this video I discuss how the ETF introduce a new class of analyst looking at Bitcoin. We also see the discussion of it center at a different level since things such as money on the sidelines (for the market in general) are suddenly part of the conversation.

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Comments

[outwars]

This is very exciting news. Even if just a small percentage of this amount goes into crypto, that can already move the price of a lot of tokens. I assume it can have a snowball effect where alts will also go up.

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