Deutsch한국어 日本語中文EspañolFrançaisՀայերենNederlandsРусскийItalianoPortuguêsTürkçe
Portfolio TrackerSwapBuy CryptoCryptocurrenciesPricingWalletNewsEarnBlogNFTWidgetsCoinStats MidasDeFi Portfolio TrackerIntegrations24h ReportPress KitAPI Docs

Bitcoin ETF Multiplier Hints at Possible $600K Price Per BTC

2M ago
bullish:

0

bearish:

0

An analysis using the 80x multiplier method on the spot Bitcoin exchange-traded fund (ETF) inflows suggests a potential price of $600,000 per BTC by the end of 2025.

The 80x Multiplier

This method uses an 80-105x multiplier to predict the future price movements of BTC through spot Bitcoin ETF inflows.

The $600,000 BTC price prediction hinges on $150 billion of net inflows into spot Bitcoin ETFs by the end of 2025. 

As predicted by Ric Edelman, the founder of the Digital Assets Council of Financial, the financial product could see a $150 billion net inflow by the end of next year. The products are currently at a $10.9 billion inflow.

If these products reach $150 billion in net inflow by the end of 2025, the market cap of BTC could see an increase of $12 trillion to hit $13 trillion, propelling the digital asset price to $600,000 in the process – based on the 80x multiplier.

Multiplier Suggests $600K Price Per BTC

The 80x multiplier calculates this by multiplying the assumed $150 billion by 80 to arrive at a $12 trillion increase in the BTC’s market cap.

Adding this $12 trillion to BTC’s current market cap of $1 trillion will take its overall cap to $13 trillion.

Dividing the target market cap of $13 trillion by the current circulating supply of bitcoin at 19.6 million coins will lead to approximately $663,265 per BTC.

Spot Bitcoin ETFs have continued to witness consecutive net inflows over the past week. According to SoSoValue, on February 13, the net inflows of the products hit $631 million, setting a new historical high for daily net inflows. With a net inflow of $399 million on February 14, spot Bitcoin ETFs have archived inflows for 14 consecutive days, signaling investors’ interest in the product.

Analysts predict a further surge in the price of BTC if this momentum continues. BTC trades at $52,271 at press time, representing a 1.42% increase in the past 24 hours.

The post Bitcoin ETF Multiplier Hints at Possible $600K Price Per BTC appeared first on Coinfomania.

2M ago
bullish:

0

bearish:

0

Manage all your crypto, NFT and DeFi from one place

Securely connect the portfolio you’re using to start.