The financial technology expert is bullish on the exchange-traded funds as “these regulated investment vehicles offer a more accessible route” to park your money in Bitcoin without having to deal with the “technicalities of coin storage”.
Tabch made the aforementioned remarks in a recent interview with Invezz.
Liminal CEO sees Bitcoin as more than a safeguard
Spot Bitcoin ETFs have already welcomed billions in institutional money that indicates “positive sentiment among traditional investors”, as per the Liminal CEO.
Speculative nature of its demand also “unveils considerable opportunities” in the form of increased liquidity, he added as he spoke with Invezz over the weekend.
That makes Bitcoin much more than just a “safeguard” and helps draw a “diverse range of investors” including those interested in it as a “viable long-term asset” as well as the ones chasing rapid gains.
Note that the Federal Reserve recently signalled three rate cuts this year as Invezz reported here which may be a tailwind for $BTC as well.
Tabch shares view on the upcoming halving event
Lastly, Tabch expects the halving event scheduled for next month to “markedly influence” the price of the world’s largest cryptocurrency.
Bitcoin has a history of delivering material gains in weeks leading up to the halving and making a new record high afterward.
But the cycle this year is particularly “unique” as it has achieved that milestone well before its total supply is slated to cut in halve – “a first in Bitcoin history attributed to dual forces of diminished supply and escalating market expectation”. The chief executive of Liminal Custody Solutions concluded:
[Institutional] endorsement could act as a beacon, drawing further participation from a wide array of investors, thereby enriching the ecosystem and potentially buffering against volatile swings.
The post Exclusive: Liminal CEO Amir Tabch says Bitcoin at $100,000 is ‘a likely eventuality’ appeared first on Invezz
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