Dollars

Bitcoin

Spot

Trillion

Spot Bitcoin (BTC) ETFs could see inflows of $220 billion over the next three years, according to a research report published today by brokerage firm JMP Securities, meaning the price of BTC could quadruple to $280,000 once the multiplier is applied to the new capital. 
JMP analysts also stated that crypto exchange Coinbase is in a good position if entry predictions prove correct. The brokerage firm maintained its outperform rating on the market while raising its price target on the stock to $300 from $220, the highest among Wall Street analysts, according to Factset data. At the time of writing, Coinbase shares were trading at $262.92, up 2.6%. 
While spot Bitcoin ETF inflows exceeded expectations, reaching $10 billion just two months after launch, JMP said “the activity (and flows) experienced to date are probably still the tip of the iceberg,” adding that flows will be significant as ETF approval is just the beginning of a “longer capital allocation process.” He added that it will continue to increase significantly. 
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“We estimate an additional $220 billion in flows into ETFs over the next three years, which could have a significant impact on the BTC price given the capital multiple,” wrote analysts led by Devin Ryan. 
“If we are directionally correct about net ETF inflows reaching $220 billion, applying our current new capital multiple estimate of ~25X, this alone could result in a $5.5 trillion Bitcoin market cap increase, i.e. a price of $280k per BTC,” the authors added. 
*This is not investment advice. 
 Continue Reading: <a href="https://en.bitcoinsistemi.com/5-5-trillion-dollars-claim-for-bitcoin-from-research-company-how-much-will-btc-price-be/">5.5 Trillion Dollars Claim for Bitcoin from Research Company: How Much Will BTC Price Be?</a>

5.5 Trillion Dollars Claim for Bitcoin from Research Company: How Much Will BTC Price Be?

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