VanEck: We overestimated the short-term impact of BTC ETF and underestimated the long-term momentum

Compilation: Blockchain Knight

Recently, Gabor Gurbacs, an advisor to Tether and well-known investment management company VanEck, shared his views on the potential impact of the launch of spot BTC ETF in the United States. Long-term bullish stance.

This view specifically refutes the common tendency to only look at the short-term rather than the long-term impact of spot BTC ETFs. Gurbacs noted: “People are often keen to hype things of the moment, but remain short-sighted about the bigger picture.” Gurbacs emphasized thatAlthough the launch of spot BTC ETFs is often surrounded by short-term speculation, their The real value lies in its long-term impact.

Gurbacs also said that the initial launch of the spot BTC ETF may lead to a net inflow of US$100 million in funds, mainly reinvestment funds from institutional investors.

He posted on social platform Recovering funds)."

"In the long term, people tend to underestimate the impact of spot BTC ETFs. If history is a guide, gold is worth studying."

Gurbacs' insights further point to An article uploaded earlier last month that delves into the deeper implications of the approval of a US spot BTC ETF.

Gurbacs drew parallels with gold’s historical financial market trends, arguing that the approval of a spot BTC ETF has the potential to unlock trillions of dollars in value over time.

Gurbacs’ analogy between the gold market and BTC provides a compelling narrative, such as the dramatic rise in gold’s value after State Street launched the first gold ETF in November 2004.

This event marked an important turning point. In eight years, the price of gold soared from US$400 to US$1,800, and the market value increased fivefold from US$2 trillion to US$10 trillion. .

This historical evidence supports Gurbacs’ belief that BTC can emulate gold’s development following the launch of ETFs.

Gurbacs further analyzed that the approval of the US spot BTC ETF will follow the "2004 gold blueprint" and may trigger a similar exponential increase in the value of BTC.

Gurbacs envisions that BTC will occupy a place in the global financial ecosystem, transcend short-term speculation and establish long-term value.

In addition to being optimistic about the BTC ETF, Gurbacs has also recently expressed optimism about the future of stablecoins. He predicts that these digital assets will become the next important force in financial markets, potentially developing into a market worth trillions of dollars.

He posted on Stablecoins." Here are a few attributes why stablecoins have the potential to create the next trillion-dollar market:

Gurbacs believes that stablecoins have unique characteristics that make them different from stocks, hedge funds, and mutual funds. Traditional financial instruments such as funds and exchange-traded funds. These features include low fees, ease of access, and commercial practicality, making stablecoins more than just a digital asset but a key player in the future of global finance.