1331: “Bitcoin ETF Will Send BTC to Shatter $310K”
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English - July 03, 2023 20:01 - 28 minutes - ★★★★ - 537 ratingsTechnology Education bitcoin binance bitcoinnews bitcoinnewstoday bitcoinprice bitmex blockchain btc btcnews crypto Homepage Download Apple Podcasts Google Podcasts Overcast Castro Pocket Casts RSS feed
Widely followed on-chain analyst Willy Woo says the Bitcoin price could surge by 10X with the approval of a spot Bitcoin ETF in the United States.
“What would price do if these guys put 5% of AUM into BTC? My calculations estimate around ~$310k per coin. It would really depend on whether they deploy in a bearish or bullish phase of the market but the range would be between $128k - $398k. Right now it's $310k. Methodology is via measuring market cap increase vs realized cap increase.”
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Widely followed on-chain analyst Willy Woo says the Bitcoin price could surge by 10X with the approval of a spot Bitcoin ETF in the United States.
“What would price do if these guys put 5% of AUM into BTC? My calculations estimate around ~$310k per coin. It would really depend on whether they deploy in a bearish or bullish phase of the market but the range would be between $128k - $398k. Right now it's $310k. Methodology is via measuring market cap increase vs realized cap increase.”
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