"Mu Tou Jie": Approval of spot Bitcoin ETF means the trend of "BTC replacing gold" is still continuing.

BlockBeats reported on February 7th that Cathie Wood, CEO of asset management company ARK Invest, stated that Bitcoin is replacing gold and the emergence of spot Bitcoin exchange-traded funds (ETFs) proves that this trend is continuing. The potential impact of the first spot Bitcoin ETF is similar to that of the first gold ETF. Data shows that since the first gold ETF was launched in November 2004, the price of spot gold has surged more than 250% in seven years.