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BTC’s Journey To $150,000
In a Friday report, analysts at Cooper Research posited that the premier crypto would be worth $140,000 by September, before surging further to the $150,000 price tag as early as October.
“Across a range of data metrics, Bitcoin appears primed for another significant leg upward,” the strategists said.
According to Cooper Research, Bitcoin’s meteoric surge now “seems inevitable” as institutional investors continue to pile huge amounts of money into spot exchange-traded funds (ETFs).
These funds have attracted over $6.6 billion in net inflows in the past 12 days as investors seized on momentum from advancing crypto legislation backed by President Donald Trump. The inflow streak comes as Trump signed the GENIUS Act into law, a legislation he said is a “giant step to cement American dominance of global finance and crypto technology” and a “massive validation” for crypto firms.
 
The cumulative total net inflow into the dozen BTC ETFs has now reached $54.75 billion, based on data from SoSoValue. Moreover, the total assets under management stand at $152.4 billion, equivalent to 6.51% of Bitcoin’s total market cap.
Those inflows are poised to be a positive catalyst for Bitcoin’s price, as per the report. The alpha crypto has jumped an average of 1.8% for every 10,000 Bitcoins added to ETF holdings, Cooper Research noted. In fact, that rocketing demand helped propel the price of Bitcoin to its current all-time high.
While the analysts foresee a full-blown bull phase for Bitcoin, they also expect the top crypto to become less volatile:
“With smarter capital taking the reins and leverage-driven retail mania fading into history, Bitcoin’s price action may now follow a more tempered path,” they explained.
At Bitcoin’s current price of just above $118,000 as per CoinGecko data, the asset would need to gain roughly 27% to hit the $150K milestone by early October.
Source: https://zycrypto.com/why-bitcoins-explosive-trajectory-to-150000-by-october-is-now-inevitable-according-to-cooper-research/