đ Bitcoin soars past $50,000, even reaching $52,000,
thanks to the influx of funds from the new Bitcoin ETF! According to Marc van der Chijs,
Bitcoin investor and founder of several crypto companies, ETF issuer purchased more than 10-12x the amount of BTC produced each day, causing a price increase of around 2% or $1,000 per day.
What is the impact of ETFs on BTC prices?- The price increase occurred before the US market opened;
- Sales by users to fill ETF orders at higher prices;
- FOMO among ETF investors, increasing USD demand and valuation.
Chijs believes an average increase of $1,000 per day will occur in the next few weeks.
But there are two events that could make prices jump even higher in the next 3 months:
1. Bitcoin chunking event in April, reducing miner block rewards and the amount of BTC produced;
2. Sale of new ETF shares after 90 trading days, which will increase demand.
So, get ready to welcome increasingly higher Bitcoin prices! đ„ What do you think? Let's discuss in the comments column!
