Michael Saylor Predicts BlackRock’s IBIT to Dominate ETF Market
- Michael Saylor predicts BlackRock’s IBIT will become the largest ETF globally within ten years.
- Saylor’s firm, Strategy, owns 538,200 Bitcoin units valued at $36.47 billion.
- IBIT is currently the largest Bitcoin ETF, surpassing Invesco QQQ Trust Series and Fidelity’s Wise Origin Bitcoin Fund.
- The U.S. spot Bitcoin ETF market holds over 1 million units worth more than $95 billion, with IBIT controlling nearly 48.7%.
Michael Saylor forecasts that BlackRock’s IBIT will be the world’s largest ETF in a decade, supported by his firm’s significant Bitcoin holdings and the rapid growth of Bitcoin ETFs compared to gold ETFs.
Source (2.6)https://coingape.com/michael-saylor-issues-blackrock-bitcoin-etf-ibit-prediction/?rand=24432