Bloomberg ETF analyst Eric Balchunas says Bitcoin ETFs could eventually hold three times the assets of gold ETFs, pointing to younger investors, falling volatility and stronger sales activity around BTC funds. He frames the shift as a long-term change in who owns Bitcoin and how institutions use it, not a claim that Bitcoin has already replaced gold as a store of value.
Balchunas made the case in an interview with Bitcoin Magazine this week, arguing Bitcoin ETFs will triple gold in assets under management over time. According to Balchunas: "I do believe that Bitcoin ETFs will triple gold in assets".
Balchunas said younger investors are more likely to grow up treating Bitcoin as a store of value, which he argues gives Bitcoin ETFs a potential advantage as that generation accumulates more capital. His argument also rests on distribution, not just demand: in a follow-up post, Balchunas pointed to Bitcoin's stronger enthusiasm and sales activity compared with gold in the ETF market.
Gold remains less volatile than Bitcoin today, and Balchunas says volatility is the main concern investors report when weighing the flagship cryptocurrency. But he expects larger institutions to grow more comfortable treating Bitcoin as a store of value, a safe haven or an alternative holding if its volatility and correlation with other assets keep moving closer to gold's.
Bitcoin still trades differently from gold, however. Balchunas said it has behaved more like the Nasdaq 100 for years, a pattern that has left it with a reputation as a high-beta asset closely tied to stocks. He described Bitcoin as comparatively young next to gold, contrasting its roughly 17-year history with gold's much longer record as a store of value.
Source: CryptoPotato
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