Crypto Quant founder: Bitcoin could reach $112,000 this year driven by inflows into ETFs
2024/02/11 02:31
Crypto Quant founder Ki Young Ju claimed on social media that with the push of ETF inflows, Bitcoin could reach $112,000 this year, with a worst-case scenario of $55,000. The monthly spot ETF inflow in the Bitcoin market is $9.5 billion, which could increase the annual realized cap by $114 billion. Even with outflows from GBTC, a growth of $76 billion would raise the realized cap from $451 billion to $527-565 billion.
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