💥🥳💥EXCLUSIVE💥🥳💥#bitcoin could go up to between $42k and $56k if #etf of #BlackRock is approvedThe prediction is based on potential inflows of up to $24 billion.Bitcoin $BTC will rise to $56,000 if a BlackRock spot bitcoin exchange-traded fund (ETF) is approved, crypto services provider Matrixport said in a report on Thursday.At the low end, $42,000 is a "conservative estimate" based on the assumption that 10% to 20% of gold ETF investors will purchase a stake in a spot bitcoin ETF.“Assuming 10% to 20% of precious metals ETF investors are looking to diversify their BTC investments,” Matrixport said in its report. "We can estimate potential inflows of between $12-24 billion into the Bitcoin ETF. While GBTC's market capitalization is currently only $17-18 billion, it peaked at $44 billion. Therefore , our estimate of $12-24 billion is relatively conservative.""The US community of 15,000 Registered Investor Advisors (RIAs) is overseeing around $5 trillion. This group has immense potential, and even a modest 1% allocation recommendation to Bitcoin would generate around $50 billion in inflows." "Matrixport wrote."If Tether's market capitalization increases by $24 billion, acting as an indicator of possible ETF inflows, the price of Bitcoin would rise to $42,000, which represents a conservative estimate. With a further inflow of $50 billion (allocation of the 1% of RIAs), Bitcoin could potentially recover to $56,000," Matrixport said.

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