William (Bill) Patalon III is the Executive Editor and Senior Research Analyst for Money Morning. Before he moved into the investment-research business in December 2005, Bill spent 22 years as a journalist, most of it covering financial news as a reporter, columnist, and editor that included stints withGannett Co. Inc., and The Baltimore Sun.
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When the first Bitcoin ETF lands – an event that could happen any day now – it will have a dramatic impact on the price of Bitcoin.
The arrival of the first Bitcoin ETF will be a powerful Bitcoin price catalyst because it will mimic other commodity-based ETFs, particularly those based on gold and silver.
Those ETFs were primary factors in the steep rise in gold and silver prices a decade ago.
Here’s why a Bitcoin ETF will have the same effect…
Tags: Bitcoin ETF
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