Astronomical Bitcoin Price Prediction from Digital Investment Company CoinShares! These Levels Can Be Seen If ETF Is Approved!

According to a report published by CoinShares, capital inflows into Bitcoin-based exchange-traded funds (ETFs) in the United States may affect BTC price dynamics.

Bitcoin Could Be at $141,000, According to CoinShares

The report suggests that the Bitcoin (BTC) price could rise above $141,000 within the first 12 months after Bitcoin Spot ETFs are approved in the United States.

If #Bitcoin ETFs are launched in the US, could the price of $BTC reach US$141,000?

In his latest report, @jbutterfill examines the relationship that appears to exist between inflows as a percentage of Assets Under Management and changes in price: https://t.co/zOJkafKBYj

📈 A… pic.twitter.com/iU1UTzbPzY

— CoinShares (@CoinSharesCo) November 17, 2023

This calculation is based on the Funds Flows Model published by CoinShares’ Director of Research, James Butterfill.

The model itself is based on a cautious assumption. Spot Bitcoin ETFs could be a combined $14.4 trillion market over the years. On the other hand, if only 10% of the owners of these funds invest 1% of their wealth at the first moment, market penetration could exceed $14.4 billion.

This approach points to a potential 300% rally that could be recorded for Bitcoin (BTC) in the first 12 months after the Bitcoin ETF gets the green light from the SEC.

If we consider the $14.4 billion inflow mentioned above, the model suggests that this could push the price as high as $141,000 per Bitcoin.

Then, a $31 billion entry into the segment could result in a further rally and push the price of the largest cryptocurrency to the $265,000 level.

It is important to note that the authors of the forecast add that it is very difficult to determine how large the potential wall of demand will be when a spot-based ETF is launched.

CoinShares itself manages $3.46 billion in AUM and has secured the option to purchase Valkyrie’s crypto ETF unit.

*This is not investment advice.