Bitcoin

<ul><li>Kang estimates Bitcoin demand could reach between $40 billion to $130 billion annually.</li><li>Global household income suggests a potential $52 billion yearly inflow into Bitcoin.</li><li>ETF launches and investor enthusiasm are expected to drive Bitcoin&#39;s price upwards.</li></ul>Andrew Kang, a notable crypto figure, took to X platform to highlight the underestimated potential of <a href="https://cryptotale.org/bitcoins-rise-is-this-the-beginning-of-a-new-era-or-a-bubble-waiting-to-burst/" rel="noopener noreferrer nofollow">Bitcoin</a> demand for the year, projecting it to range between $40 billion to $130 billion. He emphasized the common oversight among crypto investors: the failure to grasp the vast wealth circulating globally and its possible redirection into cryptocurrency. Moreover, Kang offered a comprehensive analysis, shedding light on the immense liquidity that could bolster Bitcoin&#39;s value further.Kang drew attention to the staggering annual income in the U.S., amounting to $13 trillion across households. Consequently, the worldwide amount reaches around $52 trillion, which means the yearly income of the U.S. is 25% of the global. With an average global crypto ownership pegged at 10%, even a modest 1% annual income allocation to Bitcoin suggests a significant $52 billion inflow. However, Kang argued that actual figures could be higher, given the enthusiastic investment from true believers and the exclusion of institutional allocations in his estimates.Read full article at <a href="https://cryptotale.org/analyst-predicts-massive-bitcoin-demand-surge-in-2024/" rel="noopener noreferrer nofollow">CryptoTale.</a>

Analyst Predicts Massive Bitcoin Demand Surge in 2024

CryptoTale

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