Michael Saylor's BlackRock Prophecy! This Will Happen Within 10 Years! Here Are the Details

robot
Abstract generation in progress

BlackRock's spot Bitcoin ETF, iShares Bitcoin Trust (IBIT), is preparing for historic growth according to MicroStrategy Chairman Michael Saylor, who believes the fund will become the largest ETF in the world within the next decade.

Michael Saylor Predicts BlackRock's IBIT Will Be the World's Largest ETF in Ten Years

Speaking at the Investor Day of Bitcoin Standard Corporation, Saylor confidently stated, "IBIT will be the world's largest ETF in ten years."

Saylor's bold prediction came after a significant wave of capital inflows into U.S. spot Bitcoin ETFs, which collectively recorded a net inflow of $2.8 billion over the last five trading sessions.

IBIT alone accounted for $1.3 billion of this total, helping the price of Bitcoin rise from approximately $85,000 to $94,000 in less than a week.

The fund currently has a market value of $54 billion and daily trading volume exceeded $1.5 billion on Thursday.

If we need to make a comparison, the Vanguard S&P 500 ETF, which is currently the world's largest ETF with a market value of $593.5 billion, is more than ten times that of IBIT. Nevertheless, industry experts say that Saylor's vision, while ambitious, is not entirely unattainable.

Eric Balchunas, a Senior ETF Analyst at Bloomberg, stated that "This is possible especially if IBIT starts receiving more cash than VOO, but this requires inflows well above 1 billion dollars a day."

It is more likely to be in the range of 3 to 4 billion dollars daily to gain ground. In short, some extraordinary things will need to happen, but it is possible.

View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Share
Comment
0/400
No comments
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate app
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)