💥🥳💥EXCLUSIVE💥🥳💥#bitcoin could go up to between $42k and $56k if #etf of #BlackRock is approvedThe prediction is based on potential inflows of up to $24 billion.Bitcoin $BTC  will rise to $56,000 if a BlackRock spot bitcoin exchange-traded fund (ETF) is approved, crypto services provider Matrixport said in a report on Thursday.At the low end, $42,000 is a "conservative estimate" based on the assumption that 10% to 20% of gold ETF investors will purchase a stake in a spot bitcoin ETF.“Assuming 10% to 20% of precious metals ETF investors are looking to diversify their BTC investments,” Matrixport said in its report. "We can estimate potential inflows of between $12-24 billion into the Bitcoin ETF. While GBTC's market capitalization is currently only $17-18 billion, it peaked at $44 billion. Therefore , our estimate of $12-24 billion is relatively conservative.""The US community of 15,000 Registered Investor Advisors (RIAs) is overseeing around $5 trillion. This group has immense potential, and even a modest 1% allocation recommendation to Bitcoin would generate around $50 billion in inflows." "Matrixport wrote."If Tether's market capitalization increases by $24 billion, acting as an indicator of possible ETF inflows, the price of Bitcoin would rise to $42,000, which represents a conservative estimate. With a further inflow of $50 billion (allocation of the 1% of RIAs), Bitcoin could potentially recover to $56,000," Matrixport said.
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This is the way.
Here is how I would Invest a $1000 in the current bear market, and aim for 5X in the next bull market or All-Time High.Hello my good friends, in this post, I'm going to share with you how I will invest a $1000 in crypto today-Friday, 20 October 2023.With a $1000;> I will buy $200 of $FTM  at the current price of $0.1820, and this would get me 1098 FTM token.If I should hold till the current All-Time High of FTM which is $3.48, my $200 would be equivalent to $3821.0400, once again ,to make good profit from Crypto you need a good entry and exit.>Next, I would Buy $300 of $DOGE  at the current price of $0.05976, this would get me 5020 Dogecoin.Now, if I hold on to Dogecoin till the current All-Time High of Doge which is $0.7376, my $300 would be equivalent to $3702.75200.>Another GEM on my list is $MATIC  , I would put in $500 in MATIC, at the current price of $0.5301, this would get me 943.2 MATIC token.The current all time high of MATIC , Dec 27, 2021 (2 years ago) is $2.92, if I should hold on to my token till the current all time high, my $500 would be equivalent to $2754.14400 .My friends I want you to take note of something here, the first coin I mentioned was FTM, and we only spent $200 on it, but it gave us the highest profit, this is the same thing I really want you to understand.If you find this work of Mine Educative, Entertaining, helpful, Please Like, Share and Follow , and If you have any contrary opinion please share them below!!!
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THE #BITCOIN BULL MARKET HAS STARTED OFFICIALLY?
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Where Next for the Bitcoin (BTC) Price?

Economic data released earlier on Friday revealed a larger-than-expected slowdown in the US jobs market in October, triggering downside in US bond yields and a pump in the US stock market and price of Bitcoin (BTC), which was last around $34,600.
The latest jobs report revealed that the US economy added 150,000 jobs last month, less than the expected gain of 180,000 and marking the slowest pace of job gains since early 2021.
Macro investors responded to the data by pulling back on bets that the US Federal Reserve will implement one further rate hike, as it warned was a possibility earlier in the week.
As per the CME’s Fed Watch Tool, the US money market implied probability that the Fed hikes interest rates by another 25 bps by January 2024 fell to just 10% on Friday from around 26% on Thursday.
The implied probability that the Fed will have cut interest rates by at least 100 bps by the end of 2024 jumped to around 65% from just over 40% one day ago.
The latest US jobs numbers also revealed a surprise rise in the US unemployment rate to 3.9% from 3.8% and an unexpected slow down in the MoM pace of wage growth to 0.2% from 0.3%.
Whilst at current levels in the $34,600s, BTC is up 1.5% versus earlier session lows ust above $34,000, the world’s largest cryptocurrency by market cap is still down around 0.75% on the session.
After hitting fresh yearly highs near $36,000 on Thursday, Bitcoin is succumbing to profit-taking, as short-term speculators book profit following BTC’s more than 30% pump from October lows.
That pump was primarily driven by optimism surrounding expected upcoming approvals of spot Bitcoin Exchange Traded Funds (ETFs) in the US.
Yields on 10-year US government bonds, last just above 4.5%, have fallen around 40 bps, the US Dollar Index (DXY) has weakened more than 1.5% and the S&P 500 is up over 4% since the start of the month as traders bet the peak in US interest rates is in, and easier financial conditions lay ahead.
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When will #bitcoin hit $100K?

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