How will gold ETFs impact the price of Bitcoin?

[Sebastian]

Gold and Bitcoin have a large gap in market capitalization, while their ETFs' AUMs differ less. What effect will capital shifting from gold to BTC ETFs have on the price of Bitcoin?

[Kaile]

If the market shifts entirely from gold to Bitcoin, then the price of Bitcoin will increase significantly because Bitcoin's market size is small, demand is high, and supply is limited. Even if a small amount of this huge gold market moves into the much smaller market of Bitcoin ETFs, then it could create substantial upward pressure.