Bloomberg says BTC is following a “golden playbook”—what act are you in?

Bloomberg ETF analyst Eric Balchunas said something that really hits hard: the BTC ETF will completely mirror the price action of gold ETFs. The historical playbook for gold ETFs is:
→ A stunning surge
→ A painful pullback
→ A long, test-your-patience recovery
BTC is matching it perfectly. From the ATH of $126K to today’s $63K—down exactly half. The Fear & Greed Index is at 25 today, “extreme fear.” With $1.2 billion in options expiring, max pain is pinned at $63,000, and every cut lands on the longs.
But Balchunas’ main point isn’t about “whether it will fall,” but about “what comes after it falls.” After enduring painful pullbacks, gold ETFs ultimately went on to deliver a ten-year bull market.
BTC and gold have one thing in common—both are yieldless value stores, driven by emotion and scarcity. Big rallies and big drawdowns are standard, not a bug. The issue isn’t: “Can BTC still rise?”
The issue is: are you leaving in panic right now, or holding patiently?
#Bitcoin #BTC #黄金ETF # long-termism