Bitcoin

<ul><li>Andrew Kang suggests Bitcoin&#39;s valuation at $45,000 may not fully account for the anticipated ETF inflows and halving excitement.</li><li>Kang discussed the significant opportunity for ETF issuers in the Bitcoin market, highlighting the potential for a competitive rush for future fees.</li><li>His analysis pointed to a possible underestimation of the immediate impact of ETF inflows on Bitcoin&#39;s market price.</li></ul>Bitcoin&#39;s trajectory has taken an upward surge, breaking the $45,000 barrier for the first time in nearly two years. This marks a pivotal moment as anticipation grows around the likely approval of a spot Bitcoin exchange-traded fund (ETF). With a rapid climb from $42,000 on January 1, Bitcoin has exhibited a significant price rally, <a href="https://www.coingecko.com/en/coins/bitcoin" rel="noopener noreferrer nofollow">increasing over 7%</a> in the last 24 hours and 170% over the previous year.Cryptocurrency entrepreneur Andrew Kang brought attention to this phenomenon with a recent tweet, suggesting that the current pricing of Bitcoin at $45,000 doesn&#39;t fully reflect the potential influx of ETF-related capital and the excitement surrounding the upcoming halving event. Kang argues the market might be underestimating the immediate impact of ETF inflows.Read full article at C<a href="https://cryptotale.org/kang-signals-mispriced-bitcoin-in-the-wake-of-etf-hype-and-halving/" rel="noopener noreferrer nofollow">ryptoTale.</a>

Kang Signals Mispriced Bitcoin in the Wake of ETF Hype and Halving

CryptoTale

Otros artículos publicados el 2 ene 2024

3 Under The Radar Altcoins Expected To Hit $100 Before The Bitcoin Halving

Why is SEI Price Up By 23%?

AGIX Price Prediction: Will SingularityNET Show Range Expansion?

Azure Ray Announces Major Roster Shake-up

These Are the 5 Must-Have Altcoins of 2024

Analyst Issues Warnings on 14 Altcoins Amid Bull Run Uncertainties

¡Únete a nuestro boletín gratuito para recibir actualizaciones diarias de criptografía!