Coinbase, head of Coinbase, says that the scarcity that pays a wave of overwhelming demand from big players
Coinbase’s executive official says that one of the factors plays a major role in institutional investors who buy Bitcoin (BTC).
In a new interview with CNBC, Coinbase’s institutional strategy names Four possible reasons Why do BTC boxes see (ETFS) height.
We talked about the three reasons that make it [BTC ETFs are exploding]: [it’s] It no longer trades as a technical package, and the inflation, and this type of “gold” trading. Now, with this type of ETF flow attack, our fourth distinctive, is just a scarcity.
Bitcoin miners cannot produce bitcoin as soon as this overwhelming demand. So I don’t think it is appropriate to see it as a technical share in the technology package. Whether you consider it a commodity like gold somewhat personal. I would like to look at it in this way. Others do not do that, but I think it is a good framework to think about, specifically for the gold trade. “
Moreover, D’Agostino argues that there is another important aspect that many people may overlook.
“The only important thing to be remembered about these ETF flows – not only the increase we have seen recently, but from the beginning, because it was the investment funds circulating tremendously – and this is a very important point that is ignored: this is done with asset managers who do not allow the sales group, with their financial consultants to recommend it.
This is like a shoe seller not to recommend Nike. So it will change at some point. And I will leave it to viewers somewhat to determine what happens when this thunder herd of brokers can actually capture the phone and recommend these investment funds. “
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