Bitcoin (BTC) Price Might Reach $141,000 in One Year: Model by CoinShares
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.
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The sentiment of the article is positive as it discusses the potential price surge of Bitcoin if ETFs are approved in the US.
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?