Flow

Bitcoin ETF

<ul class="news-points"> 
 <li><strong>Plan B questions the discrepancy between the putative 90% approval odds for a spot Bitcoin ETF and Bitcoin’s current value.</strong></li> 
 <li><strong>Plan B directed the question at Eric Balchunas, a senior ETF analyst at Bloomberg.</strong></li> 
 <li><strong>Balchunas argues the odds of a spot Bitcoin ETF being approved by Jan 10 are 90%.</strong></li> 
</ul> 
<p>X user Plan B, known as the creator of the Bitcoin Stock to Flow model, has raised a salient question about the current state of Bitcoin’s price.</p> 
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
 <div class="wp-block-embed__wrapper"> 
  <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
   <p lang="en" dir="ltr">Something doesn't add up. If odds are 90% that a spot bitcoin ETF will be approved, and that when approved bitcoin price will pump through $100k .. then BTC price should be $90k TODAY. So what gives? <a href="https://t.co/uC1Ve5cyYJ" target="_blank" rel="nofollow">https://t.co/uC1Ve5cyYJ</a></p>— PlanB (@100trillionUSD) <a href="https://twitter.com/100trillionUSD/status/1730181199069409618?ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">November 30, 2023</a>
  </blockquote>
  <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script> 
 </div>
</figure> 
<p>The tweet, directed at Eric Balchunas, senior ETF analyst at Bloomberg, suggests a misalignment between the anticipated approval odds of a spot Bitcoin ETF and the current market value of the leading cryptocurrency.</p> 
<p>“Something doesn’t add up. If odds are 90% that a spot Bitcoin ETF will be approved, and that when approved, Bitcoin price will pump through $100k… then BTC price should be $90k TODAY. So what gives?” questioned Plan B.</p> 
<p>This question has ignited …</p>
<p>The post <a href="https://coinedition.com/etf-approval-priced-in-not-until-btc-sees-90k-says-one-analyst/">ETF Approval Priced In? Not Until BTC Sees $90K, Says One Analyst</a> appeared first on <a href="https://coinedition.com">Coin Edition</a>.</p>

ETF Approval Priced In? Not Until BTC Sees $90K, Says One Analyst

Coin Edition

Ďalšie články zverejnené 30. 11. 2023

Dogecoin and Tron holders jumping ship, consider new coin: here’s why

Court Greenlights $873 Million Trust Asset Sale for FTX Creditor Repayment

Algorand Expands in India with New Partnerships!

The identity of the mysterious whale that accumulated 10 thousand Bitcoins in November has been r...

Sui Surpasses $150M in TVL, Showcasing Blistering DeFi Momentum

US PCE Inflation Cools To 3%, How BTC, ETH, and XRP Are Responding?

Pripojte sa k nášmu bezplatnému bulletinu a získajte denné aktualizácie kryptomien!