$BTC ETFs Permanently Alter Market Volatility Patterns
$BTC will no longer experience parabolic bull runs or devastating bear markets due to exchange-traded funds fundamentally changing market dynamics, according to Blockware analyst Mitchell Askew.
The analyst's chart data shows dramatically reduced price volatility following the January 2024 #ETF launch in the United States.
Askew predicts
$BTC will reach $1 million over the next decade through consistent oscillation between pump and consolidation phases rather than extreme moves.
Senior Bloomberg ETF analyst Eric Balchunas notes the reduced #volatility helps #Bitcoin attract institutional investors and gives it better chances for currency adoption.
The trade-off means investors should expect fewer "God Candles" or massive price spikes going forward.
Bitcoin #ETFs have accumulated over $50 billion in net inflows, with BlackRock alone holding 3% of Bitcoin's total supply.