You should not invest in anything unless you’re prepared to risk losing all your money. You shouldn’t expect protection if anything goes wrong. This is an investment that is high risk.
Join Us Telegram Stay up-to-date with breaking news on Channel
Bitwise Crypto Asset Manager says Institutions Holding Crypto Assets “trillions of dollars in assets” By the end of this month, there will be a surge in spot Bitcoin ETFs (exchange traded funds).
Bitcoin (BTC), a cryptocurrency that is gaining popularity among investors, has been attracting large companies and wirehouses. next Matt Hougan is the chief investment officer of the asset management company. He said this in an article published on 9 March. note.
“I’d suspect we’ll see our first significant flows from these three groups in Q2 2024,” He added that inflows of migrants will continue. “accelerate throughout the year.”
The Bitcoin price could reach $200,000 in 2024 due to the inflow of ETFs.
Hougan claimed that institutional floodgates have opened up for the Bitcoin markets and that this has ignited new “price discovery” Market capitalization of the biggest crypto currency is based on a period.
He believes that this is the result. BTC Bitwise’s target price of $80,000 in 2024 could be exceeded, with prices reaching $100,000 or $200,000 and even more.
This prediction was based on the belief of his that BTC supply cannot keep pace with demand. surging demand, Michael Saylor of MicroStrategy echoes the sentiment.
“With #Bitcoin right now … there is too much demand and not enough supply.” – Matt Hougan, CIO Bitwise pic.twitter.com/1B0joUQ1Pp
— Michael Saylor⚡️ (@saylor) February 29, 2024
The newly launched Bitcoin ETFs have collectively seen net flows of nearly $9 billion since January 11.
[3/4] Since 11th Jan. 2024, the total net flow is currently $8.895.6 Million. pic.twitter.com/61VmMD9vqc
— BitMEX Research (@BitMEXResearch) March 7, 2024
Related Articles
Bitcoin Minetrix: New Crypto Mining Platform
- Audited by Coinsult
- Decentralized, Secure Cloud Mining
- Daily Bitcoin Giveaways
- BTCMTX – Native Token is now on sale.
- Get Staking Rewards up to 50% APR
Join Us Telegram Stay up-to-date with breaking news on Channel
“This article is not financial advice.”
“Always do your own research before making any type of investment.”
Source: insidebitcoins.com
