BitWise CEO of the upcoming Bitcoin Aqaba warns the upcoming chapters. star-news.press/wp

• BTC will face a competition from 10x alternative opportunities.
• BTC ETFS has been recovered in Q2 of external flows to more than $ 10 billion in net flow.

Bitcoin (BTC) He jumped from $ 40,000 to $ 75,000 on ETF approval in the United States and later rose to $ 100,000 amid organizational relief in the framework of the pro -profit Trump administration.

But the basic principle may still face future challenges, according to the CEO of Bitise Hunter Horsley.

he High Double obstacles as a competition from 10x alternative opportunities and the digital gold novel “fades” among institutional investors.

“These two are not the most urgent elements at this moment, but they will reveal itself as the next obstacle around the next quarters.”

Bitcoin Etf Outpace Gold flows

Meanwhile, BTC enjoyed a relative request from institutional investors in the second quarter compared to gold. According to ETF flows via hedging assets, in Q2, the demand for Gold ETF decreased by 40 % from $ 30 billion to $ 15 billion.

On the contrary, BTC’s investment funds have recovered $ 3.3 billion to nearly $ 10 billion until the time of the press.

Horsley Add BTC will not compete with gold, as they both attract the attention of future investors because they are “political value stores). But T-BILLs and bonds will be the new BTC competitors.

“Instead, I think Bitcoin’s competition will eventually end with US Treasury bonds and other government bonds (for example, UK Gilts): The Ultimate * Sovs *.”

On the returns of investors, BTC was starting from April and outperformed gold by 34 %.

However, gold has surpassed BTC by 10 % since mid -May, according to the BTC/GOLD percentage, a BTC’s relative performance tracking indicator against gold.

This week alone, the percentage increased only 1.5 %, which indicates BTC held Relatively better gold during tensions in the Middle East.

In fact, on an annual basis (YOY), BTC increased by 58 %, presented The investor returns to the top From the S&P 500 11 % or 46 % gold index. If the ratio extends to its height to 40, then BTC will provide better returns than gold.