The Approval of Spot Bitcoin ETFs Could Lead to Massive Inflows from Wall Street Giants
An anonymous host known as InvestAnswers predicts that the approval of a spot Bitcoin exchange-traded fund (ETF) will result in significant inflows from major Wall Street institutions. According to the analyst, investment giants such as Fidelity Investments, Charles Schwab, Citadel, Deutsche Bank, BlackRock, Nomura, and Franklin Templeton collectively manage $25.22 trillion in assets.
Potential Surge in BTC Price
If these seven Wall Street firms allocate just 0.5% of their assets under management (AUM) to spot Bitcoin ETFs within the first year after the April 2024 BTC halving, it could lead to a surge of approximately 3,219% in the price of Bitcoin within less than five years.
The assumption is that these institutions will easily allocate 0.5% of their AUM due to the need for alpha returns to recover pension funds. If this allocation happens in the first year and continues at the same rate for subsequent years, it could drive the price of Bitcoin to $920,000 per coin by April 2028.
Timing for Wall Street’s Entry
The analyst suggests that if spot Bitcoin ETFs are approved, Wall Street giants like BlackRock could start buying BTC within the next three to six months. They aim to enter before the halving event because they know that’s when significant market movements occur.
As of now, BTC is valued at $27,715.
Hot Take: Spot Bitcoin ETFs May Propel BTC Price to New Heights
An anonymous analyst known as InvestAnswers believes that if spot Bitcoin exchange-traded funds (ETFs) are approved and major Wall Street institutions allocate a small percentage of their assets to these ETFs, the price of Bitcoin could skyrocket by over 3,200% in less than five years. With giants like BlackRock aiming to enter the market before the BTC halving event, the potential for massive inflows from these institutional investors is significant. If this scenario plays out, Bitcoin could reach a staggering $920,000 per coin by April 2028.
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