The bull market driven by Bitcoin spot ETFs is not satisfactory. Many people think that Bitcoin will reach more than 300,000 or even 500,000 US dollars in this bull market. I think the peak will be around 200,000 US dollars.

The U.S. spot ETF has such strong benefits, with tens of billions of dollars in net capital inflows. As for the Bitcoin price, it is only about $4,000 more than the high of $69,000 in 2021. It is still a false breakthrough, not a real breakthrough.

This is true for Bitcoin, not to mention other coins.