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Real Vision analyst Jamie Coutts has predicted a potential 200% surge in Bitcoin’s price during this cycle, potentially pushing it into six-figure territory. Given the broader markets inherent volatility, this forecast has sparked significant interest. Thus, investors are flocking to ETFSwap (ETFS), which is affordable and offers exposure to Bitcoin ETFs, as it is poised to benefit significantly from increased market activity.
Analyst Coutts Projects 200% Surge For Bitcoin (BTC) In The Coming Days
The analyst Coutts projects a 200% to 300% increase in Bitcoin’s value, a more modest forecast compared to the 1,900% and 600% gains observed in 2017 and 2020, respectively. To reach this target, Coutts believes the U.S. Dollar Index (DXY) must drop significantly below 101, a shift likely influenced by ongoing central bank interventions. Currently, the DXY stands at 102.65, reflecting the dollar’s strength against other major currencies. The analyst Coutts’ global liquidity model, which previously anticipated a 75% increase in Bitcoin’s value by November 2023, now suggests further upward movement.
This is attributed to substantial liquidity injections from the Bank of Japan (BoJ) and the People’s Bank of China (PBoC), which together accounted for 41% of the global liquidity increase last month. Analyst Coutts further noted that the BoJ and PBoC injected $400 billion and $97 billion, respectively, into their economies over the past month, contributing to a $1.2 trillion increase in the global money supply. This expansion, combined with a substantial decline in the U.S. dollar, suggests potential coordination with the Federal Reserve.
The anticipated Bitcoin (BTC) surge by the analyst is noteworthy given the cryptocurrency’s inherent volatility. It relies on the assumption that the U.S. Dollar Index will decline, which hinges on sustained central bank activity. The influence of major banks like the BoJ and PBoC, along with the Federal Reserve’s role in managing global liquidity, is seen as a critical factor in this potential bullish trend for Bitcoin (BTC).
ETFSwap (ETFS): New Utility Token Poised To leverage Bitcoins Surge
Compared to Bitcoin that has recently been projected by an analyst to surge by 200%, investors are buying as much ETFSwap (ETFS) as possible in its ongoing presale because it is affordable and they stand to gain up to 4000x in profit. Asides the profit, the platform’s unique utility is the major reason why the ETFSwap (ETFS) is gaining much traction. As the utility token of the ETFSwap trading platform, ETFS is transforming how new and experienced investors alike, engage with traditional and crypto assets.
Investors can simply swap their ETFS tokens for tokenized exchange-traded funds (ETFs) and commodities on the decentralized finance (DeFi) platform. These tokenized ETFs including Spots and Futures, and Bitcoin ETFs among others, cut across various sectors including healthcare, agriculture etc. Additionally, the crypto token opens up a range of seamless trading opportunities.
For example, investors can trade listed ETFs with leverage, as ETFSwap (ETFS) offers up to 50x leverage on each trade. Then, depending on market conditions, they can adjust their positions through the platform’s customizable trading strategies, which allow them to bet on the future price of these ETFs without expiration. Furthermore, ETFS holders are also eligible for the monthly airdrop from the ETFS reward pool.
Despite the token being still new in the market, investors can have confidence in the security of ETFSwap (ETFS), as the platform has proactively undergone a smart contract audit by CyberScope, earning a prestigious audit badge that confirms the absence of security vulnerabilities. Additionally, the platform is KYC verified by SolidProof, providing users an extra layer of protection against fraudulent activities.
Conclusion
With analysts projecting a 1000x surge for ETFSwap (ETFS), now is the time to stay prepared and join the leagues of potential crypto millionaires with ETFSwap (ETFS) in the coming Bitcoin bull run. After all, the ETFS utility token has more room to run to the upside, and unlike Bitcoin is much affordable with its current price of $0.01831. It is also worth mentioning that token holders will enjoy priority access to future investment opportunities on the platform, especially when ETFSwap (ETFS) launches its ETF next year.
For more information about the ETFS Presale:
Visit ETFSwap Presale
Join The ETFSwap Community
Source: https://finbold.com/can-bitcoin-reach-150000-analyst-says-this-event-could-make-it-happen/