Bitcoin ETF

Bitcoin

Spot

You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/analysts-predict-bitcoin-etf-approval-and-price-increase/" data-wpel-link="internal">Analysts Predict Bitcoin ETF Approval and Price Increase</a> 
Cryptocurrency <a href="https://finance.coin-turk.com/" data-wpel-link="exclude">investors</a> love to talk about 8-10 year goals but often get stuck on short-term targets. Especially new investors are intolerant of losses and repeatedly experience the fate of fickle investors in each cycle. They sell one <a href="https://en.coin-turk.com/what-is-ren-coin/" data-wpel-link="internal">altcoin</a> at a loss to buy another altcoin, only to sell it at a loss again. Eventually, breaking even becomes the main goal. 
<h2 style="text-align: justify" id="annual-goals-for-cryptocurrencies">Annual Goals for Cryptocurrencies</h2> 
Analysts at Bernstein had set a target of $150,000 for BTC by the end of next year following the approval of Spot Bitcoin ETFs in January. Now, they are revising this target to $200,000. The basis of the analysts’ predictions is the assumption that approximately 7% of BTC’s circulating supply will remain inactive as ETF reserves. 
Bernstein analysts Gautam Chhugani and Mahika Sapra wrote the following in a note sent to clients who receive investment advisory, research, and reporting services from them: 
<blockquote> 
 “We expect Bitcoin ETFs to be approved on major brokerage/large private bank platforms in the 3rd/4th quarter. They are currently on the brink of this. Institutional trading seems like a ‘Trojan Horse’ for adoption, and these investors are in the process of evaluating ‘net long’ positions.” 
</blockquote> 
<img loading="lazy" loading="lazy" decoding="async" class="wp-image-363625 aligncenter" src="https://coin-turk.com/wp-content/uploads/2024/06/btc-etf-sirkulasyon-arzinda-karsiligi.png" alt="" width="1190" height="419"> 
<h2 style="text-align: justify" id="today-and-predictions-for-crypto-in-2033">Today and Predictions for Crypto in 2033</h2> 
Experts who also addressed the current state of Spot BTC ETF flows say that 80% of the flows come from self-directed individual investors through broker platforms. This is good <a href="https://newslinker.co" target="_blank" rel="noopener" data-wpel-link="exclude">news</a> because it means that institutional investors have not fully entered this space yet, and despite this, there have been such massive inflows. 
<blockquote> 
 “Approximately $15 billion in net new flows have been provided by ETFs. We expect Bitcoin ETFs to account for ~7% of circulating Bitcoin by 2025 and ~15% of Bitcoin supply by 2033. We think Spot Bitcoin ETFs will reach a total accumulation (asset size) of $190 billion at the peak in 2025 and $3 trillion in 2033.” 
</blockquote> 
Experts also had things to say about today: 
<blockquote> 
 “We believe Bitcoin is in a new bull cycle. ‘Halving’ presents a unique situation where the natural Bitcoin selling pressure from miners is halved (even more as they stockpile more in anticipation) and new catalysts for Bitcoin demand emerge, leading to exponential price movements.” 
</blockquote> 
<h5>The post first appeared on COINTURK NEWS: <a href="https://en.coin-turk.com/analysts-predict-bitcoin-etf-approval-and-price-increase/" data-wpel-link="internal">Analysts Predict Bitcoin ETF Approval and Price Increase</a></h5>

Analysts Predict Bitcoin ETF Approval and Price Increase

목차

COINTURK NEWS

2024년 6월 20일에 게재된 다른 기사

Binance Lists LayerZero (ZRO), Trading Begins Today At 12:00 (UTC)

AI Altcoins With 20X In Profits Today

Bitcoin Miners’ Reserves Deplete Amidst High OTC Selling, What This Means

Crypto with a Cause: LayerZero Introduces Donation-Based Token Claims, Aims for $18.5M Charity Boost

CBDCs Can Help Middle-East Boost Its Financial Inclusion Plan: IMF Survey

Ethereum At A Crossroads: Big Move Coming After Consolidation Phase?

무료 뉴스레터에 가입하여 매일 최신 암호화폐 소식을 받아보세요!