In a recent interview with Bitcoin Magazine TV, Eric Balchunas, a senior ETF analyst at Bloomberg, expressed that the current volatility of Bitcoin’s price is expected to evolve positively in the future.
Bitcoin ETFs made their debut in 2024 following a decade of rejections by the U.S. Securities and Exchange Commission. Reportedly, these ETFs experienced the most successful launch in their history, currently managing nearly $100 billion in assets, as per Coinglass data.
JUST IN: Bloomberg Senior ETF Analyst Eric Balchunas says Bitcoin ETFs will ultimately triple gold
"I think as the younger investors get more money and grow up with Bitcoin as their store of value, I do believe that Bitcoin ETFs will triple gold in assets." pic.twitter.com/GU3lp3KIuf
— Bitcoin Magazine (@BitcoinMagazine) September 17, 2026
Balchunas asserted, “I believe the Bitcoin ETFs will ultimately surpass gold in assets by a factor of three.”
He elaborated on the contrasting ages of these assets, stating, “Bitcoin is akin to gold in its teenage years; while gold has a history spanning 5,000 years and has been referenced 450 times in the Bible, Bitcoin is merely 17 years old.”
According to Balchunas, the younger generations may increasingly gravitate towards Bitcoin, particularly as government overspending and inflation contribute to rising living costs.
He noted that Generation Z is currently responding to government deficits and inflation by supporting socialist politicians, yet he posited that Bitcoin may represent a more stable investment option, given its immunity to government confiscation.
While Bitcoin’s resistance to censorship is one of its notable advantages, investors currently appear to be prioritizing it as a hedge against currency debasement.
The “debasement trade” gained traction last year and is resurging in 2026, as investors show increased interest in non-yielding assets such as gold and Bitcoin amidst a weakening dollar.
Balchunas further asserted that as Bitcoin’s price stabilizes, institutional investors will be more inclined to adopt it as a reliable store of value.
He pointed out that 2025 marked Bitcoin’s least volatile year to date.
“As volatility diminishes and its correlation with gold tightens, we should anticipate a pivotal moment,” he remarked. “At that juncture, major institutions are likely to acknowledge Bitcoin as a viable and dependable store of value, potentially even as a safe haven alternative.”
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