Just how much money will flood into Bitcoin?
Bernstein analysts project Bitcoin ETFs to hold between $70-80B in assets by the end of their first year. Ric Edelman, founder of one of America’s largest RIAs, foresees $150B flowing in over the next 2-3 years, citing research indicating that “77% of independent advisors plan to allocate an average of 2.5% of clients' portfolios to spot bitcoin ETFs.” That’s a lot of money, and if spot bitcoin ETFs aren’t enough to send $BTC back to all-time highs, perhaps this event could help…
- In approximately 95 days, Bitcoin will experience its fourth-ever Halving, cutting the number of new Bitcoin entering circulation in half.
- In each of the past three halvings, $BTC soared the year before and after — rising 559% the year following the 2020 halving.
Will the trifecta of spot bitcoin ETFs, declining interest rates, and the impending Halving event be enough to take prices to Mars? Depends on who you ask. Cathie Wood expects $BTC to hit $1.5M (a 30x increase) by 2030 — but ask a skeptic, and their answer could easily be zero.