Bitcoin (BTC) Price Might Reach $141,000 in One Year: Model by CoinShares


17 Nov 2023 4:45 PM

Leading crypto asset manager CoinShares displays how potential approval of Bitcoin ETF in U.S. can catalyze BTC price...

  • CoinShares predicts that the approval of Bitcoin Spot ETFs in the US could cause the price of Bitcoin to surge.
  • The Fund Flows Model by CoinShares' Head of Research suggests that if Bitcoin ETFs are launched and there is an inflow of $14.4 billion, the price of Bitcoin could reach $141,000.
  • If there is an inflow of $31 billion, the price of Bitcoin could potentially reach $265,000.
  • CoinShares recently secured an option to acquire Valkyrie, a US digital asset manager.

The sentiment of the article is positive as it discusses the potential price surge of Bitcoin if ETFs are approved in the US.

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You May Ask

What is the predicted price of Bitcoin if Bitcoin Spot ETFs are approved in the US?How much inflow of capital is expected if only 10% of spot Bitcoin ETF holders invest 1% of their wealth?What is the current AUM managed by CoinShares?What recent development did CoinShares announce regarding Valkyrie?

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