Bitcoin ETF Boomer Price Explosion

Bitcoin ETF Boomer Price Explosion

By chuxster | THE E.B. | 28 Apr 2024


Hi guys,

I think it's time for you to buy Bitcoin ETFs because first, there's currently a bull run going on and second the Bitcoin ETF market just opened up a few weeks ago and hasn't reached it's peak value. Thirdly, the halving just occurred. This is an event which means that there's 50 % less Bitcoin released to miners/ the system with every new block addition to the Bitcoin blockchain.

At the same market demand, this should double the current price of Bitcoin taking it to at least $120,000 usd. But consider that baby boomers in the U.S. also have $300 billion usd on the side lines being managed by money managers that is aimed at buying Bitcoin ETFs: https://cointelegraph.com/news/boomers-300-billion-crypto-markets-morgan-creek-capital.

With Bitcoin ETFs currently valued at $53 billion USD market cap, an additional $300 billion USD would multiply the marketcap of U.S. Bitcoin ETFs by 6 to 7 times. And if this correlates to Bitcoin price, then the price should increase by the same factor and reach $420,000 USD from it's current level of about $60,000 USD.

Good luck guys ✌️.

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chuxster
chuxster

I read a lot and hope to learn a lot.


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