Prediction: US spot Bitcoin ETF's Bitcoin holdings will exceed 1 million next Wednesday

BlockBeats news, on October 29, Bloomberg senior ETF analyst Eric Balchunas wrote that the total Bitcoin holdings of US spot Bitcoin ETFs are expected to reach 1 million next Wednesday and exceed Satoshi Nakamoto's holdings in mid-December. Currently, about 17,000 BTC are added each week.

However, everything is possible, such as a sharp sell-off that delays this process, but it is still inevitable. On the other hand, if prices continue to rise and Trump wins the election, we may see a surge in FOMO (fear of missing out) sentiment, accelerating this process. Stay tuned.