EthereumShort
ETHUSD View!
Hougan’s analysis suggests that while the initial weeks after the ETF launch might be volatile, the overall trend points towards strong bullish momentum by year-end. His argument pivots on the basic economic principle of supply and demand.
He explains that while ETFs do not alter the fundamental nature of the underlying asset, they introduce new sources of demand. When spot Bitcoin
BTCUSD
ETFs launched, demand significantly outpaced the new supply generated by miners, driving up Bitcoin’s price.
“BTC has risen ~25% since the launch of Bitcoin [exchange-trade
He explains that while ETFs do not alter the fundamental nature of the underlying asset, they introduce new sources of demand. When spot Bitcoin
BTCUSD
ETFs launched, demand significantly outpaced the new supply generated by miners, driving up Bitcoin’s price.
“BTC has risen ~25% since the launch of Bitcoin [exchange-trade
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.