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Cryptonian

10/19 10:19

Bitcoin is going to hit $40,000 in the coming days

And here is why:

The former director of BlackRock is projecting a $300 billion inflow into the #Bitcoin    market in the first year of the ETF's existence.

Since the SEC hasn't appealed Grayscale's win, meaning they have no basis to reject ANY Bitcoin Spot ETF.

The final deadline for the initial application from ARK is set for January 10, 2024.

We've already observed the impact that ETF approval can have on the market, but consider the potential effects in the weeks following its actual introduction to the market.

A buying pressure of $300 billion is substantial and could propel #Bitcoin    towards the $100,000 mark.

Thus, a $40,000 price point is merely a modest target.20231018_222746.jpg

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