Bitcoin ETF

Bitcoin

Spot

<ul class="news-points"> 
 <li>According to Ash Crypto, spot Bitcoin ETF impact would push BTC price to $500,000.</li> 
 <li>The crypto trader believes Bitcoin will gain market cap from gold, stocks, and bonds.</li> 
 <li>Ash Crypto compared Bitcoin with gold, whose market cap surged significantly following ETF approval.</li> 
</ul> 
According to Ash Crypto, a crypto trader on X, the impact of the recently approved spot Bitcoin ETFs would push BTC price to $500,000. The renowned trader believes the approved ETFs would create a channel for liquidity inflow into the Bitcoin market, pushing its market cap to significantly high levels. 
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 Bitcoin is going to $500k after the Spot ETF is approval. Here is the evidence – When Gold ETF was approved, it’s mcap was around $2 Trillion. After ETF gold saw huge inflows of liquidity and reached $16 Trillion in few years. ( Don’t forget gold supply is not fixed, we… <a href="https://t.co/uE6XKkHWtU" target="_blank" rel="nofollow">pic.twitter.com/uE6XKkHWtU</a>— Ash Crypto (@Ashcryptoreal) <a href="https://twitter.com/Ashcryptoreal/status/1746532532450172989?ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">January 14, 2024</a>
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In a recent post, Ash Crypto compared Bitcoin with gold, whose market cap surged from around $2 trillion before ETF approval to $16 trillion after a few years. According to him, Bitcoin has the potential to perform better than gold, considering the …
The post <a href="https://coinedition.com/spot-bitcoin-etfs-would-push-btc-price-to-500k-crypto-trader/">Spot Bitcoin ETFs Would Push BTC Price to $500K: Crypto Trader</a> appeared first on <a href="https://coinedition.com">Coin Edition</a>.

Spot Bitcoin ETFs Would Push BTC Price to $500K: Crypto Trader

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