Galaxy Digital predicts Bitcoin’s price will increase a “conservative” 74.1% in the 12 months after spot Bitcoin ETF launches in the United States.
) price will increase 74.1% in the first year after spot Bitcoin exchange-traded funds are launched in the United States, according to estimates from crypto investment firm Galaxy Digital., Galaxy Digital research associate Charles Yu estimated the total addressable market size for Bitcoin ETFs would be $14.4 trillion in the first year after launch. He obtained the 74% figure by assessing the potential price impact of fund inflows to Bitcoin ETF products using gold ETFs as a baseline.
Spot Bitcoin ETF estimated one-year inflows by month and Bitcoin price impact. Source: Galaxy Digital Researchsee it hit $59,200Markus Thielen, head of research at digital asset financial services firm Matrixport reached a similar figure in an Oct. 19
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