Bitcoin

<ul><li>Ki Young Ju refutes the notion that Bitcoin spot ETFs are merely paper investments, advocating for their role in driving Bitcoin&#39;s price potentially up to $112,000.</li><li>Spot ETF inflows are projected to significantly boost Bitcoin&#39;s realized capitalization, with BlackRock, Fidelity, and Ark 21Shares leading the inflows.</li><li>The upcoming Bitcoin halving event in April is anticipated to catalyze significant market movements, with predictions of reaching new all-time highs.</li></ul>Ki Young Ju, CEO of CryptoQuant, recently voiced his support for Bitcoin spot Exchange Traded Funds (ETFs), countering a prevalent belief that these financial instruments only represent &#34;paper&#34; investments. His endorsement followed criticism of his analysis predicting a significant rise in Bitcoin&#39;s value, potentially reaching $112,000 this year due to ETF inflows. A social media user, operating under the pseudonym &#39;Blockchain&#39; on X, had challenged Ju&#39;s forecast by arguing that ETFs do not entail actual Bitcoin transactions.<img src="https://academy-public.coinmarketcap.com/srd-optimized-uploads/d9b6353bb764410ab9c41d6efebf94a7.png" />Ju outlined two potential scenarios for Bitcoin&#39;s price trajectory: a bullish outlook with a peak at $112,000 and a more conservative estimate placing it at $55,000. He made these projections against the backdrop of Bitcoin&#39;s price standing at $47,100 as of February 8, suggesting a potential range with a ceiling of $89,500 and a floor of $17,200.Read full article at <a href="https://cryptotale.org/cryptoquant-ceo-claps-back-at-doubters-foresees-bitcoin-hitting-112000/" rel="noopener noreferrer nofollow">CryptoTale.</a>

CryptoQuant CEO Claps Back at Doubters, Foresees Bitcoin Hitting $112,000

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