😱🚀Bitcoin Price Will Reach $141,000 With an Approved BlackRock ETF
New research reveals that institutional interest in the spot bitcoin ETF will attract $14 billion to the crypto Sunday within a year of its approval.
A new report by the head of research at CoinShares has found that the approval of a spot bitcoin exchange-traded fund (ETF) could attract $14.4 billion in inflows in its first year, pushing the price of bitcoin to $141,000 by the end of 2025.
Perspective: The researcher suggested that 10% of the estimated $14.4 trillion of addressable assets in the US would be invested in a spot Bitcoin ETF with an average allocation of 1%. While BlackRock, the world's largest asset manager, is approaching such approval step by step, the catalyst for these inflows also seems imminent.
"From a general point of view, when you look at BlackRock, which has $10 trillion in assets, $14.4 billion is like out-of-pocket coin for them," explained George Tung in the video above. "the entry of $14.4 billion will increase the price of Bitcoin to $ 141,000. Think about how likely this is and how soon it may come. It's kind of just around the corner.”
More details: In the new report, CoinShares Head of Research James Butterfill also estimated that $31.345 billion could flow into bitcoin as a result of the spot ETF approval, which will eventually increase the bitcoin price by more than 600% to $265,437. from the current price December of $ 36,800.
"When we look at his model, all we need is $ 31.3 billion, and that takes us to $ 265,000 per bitcoin," Tung said. “Really, once again, if you take into account the context of how much money, we are talking about trillions, trillions, trillions that are standing there in other assets and are standing in cash. If only a very small part of this had come in... we would have reached $265,000 in a short time.
