Warmly celebrate BTC breaking through $60,000, and $100,000 is just around the corner!
Currently, the total market value of cryptocurrencies is approximately US$2.2 trillion, and it is expected that the total holdings of ETFs will reach US$300 billion in the future. Currently, ETF holdings are US$60 billion, while the highest holdings of Grayscale Bitcoin Trust in the past reached US$60 billion. Typically, ETF products account for 20% to 30% of the total market value, and there are currently 12 Bitcoin ETF products on the market. Based on the current situation, we can infer that the Bitcoin ETF still has room for 5x growth. However, some fund shipments may occur during the growth of market value, so we conservatively estimate that the market value will increase by 2 times to more than $100,000. This analysis shows that the cryptocurrency market still has huge growth potential, especially mainstream digital assets like Bitcoin. #BTC #jasmy #WIF