$BTC Bitcoin will skyrocket by 600% under one condition

In a blog post, CoinShares research director James Butterfill speculated about the possible impact on the price of Bitcoin if a spot Bitcoin ETF is approved by the Securities and Exchange Commission (SEC).

He suggested that if about 10% of investors invested in such an ETF with an average allocation of 1%, it would result in inflows of $14.4 billion in the first year. Butterfill noted that there is a relationship between inflows as a percentage of assets under management (AUM*) and changes in the price of Bitcoin.

[20.11, 23:31] +37499738364: He estimates that an influx of $14.4 billion could push the price of Bitcoin to $141,000. However, he also noted the difficulty of accurately estimating inflows, since it is difficult to predict how many investors will invest in the ETF after its launch . Other Butterfill calculations show that an influx of $31.3 billion could push Bitcoin's price to $265,437, representing a massive 627% increase from its current value of $36,565.

[20.11, 23:31] +37499738364: Butterfill emphasized that ultimately the demand for Bitcoin will depend on various factors, including changes in legislation and investor sentiment in the crypto space.