{"id":625856,"date":"2024-06-21T21:30:01","date_gmt":"2024-06-21T21:30:01","guid":{"rendered":"https:\/\/ktsl888.com\/?p=625856"},"modified":"2024-06-21T15:47:29","modified_gmt":"2024-06-21T15:47:29","slug":"bitcoin-spot-etfs-200000-btc","status":"publish","type":"post","link":"https:\/\/ktsl888.com\/news\/bitcoin\/bitcoin-spot-etfs-200000-btc\/","title":{"rendered":"Bitcoin Spot ETFs Effect: Bernstein Analysts Revise BTC Target To $200,000, Here\u2019s When"},"content":{"rendered":"

Analysts at global asset management firm <\/span>Bernstein<\/span><\/a> have revised their former Bitcoin target to $200,000, foreseeing the influx of <\/span>Spot Bitcoin ETFs inflows<\/span><\/a> catalyzing this massive price surge.\u00a0<\/span><\/p>\n

Bernstein Analysts Raise Bitcoin Target To $200,000<\/h2>\n

In a note to clients, Bernstein analysts, Gautam Chhugani and Mahika Sapra predicted that Bitcoin could reach $200,000 by the end of 2025. This new price target comes after analysts <\/span>foresaw BTC hitting $150,000<\/span><\/a> earlier in May. At the time, the analysts disclosed that they anticipated about $70 billion in <\/span>inflows from Spot Bitcoin ETFs<\/span><\/a> between 2024 and 2025.<\/span><\/p>\n

Related Reading: Here\u2019s Why The Worldcoin (WLD) Price Surged Over 15% In One Day To Reach $3<\/a><\/div>\n

Presently, the analysts have <\/span>solidified their predictions<\/span><\/a>, reiterating that Spot Bitcoin ETFs would be the trigger driving Bitcoin\u2019s price to $200,000 next year. Analysts have estimated that <\/span>Spot BTC ETFs<\/span><\/a> could grow in demand to represent about 7% of the total BTC in circulation.\u00a0<\/span><\/p>\n

They disclosed their expectations for Spot Bitcoin ETFs to <\/span>grow significantly in adoption<\/span><\/a>, highlighting possibilities of approvals from major wirehouses and large <\/span>private banking platforms<\/span><\/a> in Q3 and Q4. The analysts also disclosed that almost 80% of Spot Bitcoin ETF inflows are generated by self-directed <\/span>retail investors<\/span><\/a> who invest through brokerage platforms.\u00a0<\/span><\/p>\n

They believe that institutional investors’ demand for Spot BTC ETFs is still in its early stages. However, as the market continues evolving <\/span>institutional investors’ interest<\/span><\/a> could rise, adding massively to the current inflows in Spot Bitcoin ETFs.\u00a0<\/span><\/p>\n

Bernstein analysts wrote in their notes to clients that currently around $15 billion of net new flows have been brought in by ETFs combined. The cumulative inflows in Spot Bitcoin ETFs according to <\/span>Farside data<\/span><\/a>, have reached $14.66 billion since its launch on January 11.\u00a0<\/span><\/p>\n

Due to the high demand and massive capital pouring into this asset class, analysts expect Spot Bitcoin ETFs to be equivalent to 7% of <\/span>BTC\u2019s circulating supply<\/span><\/a> by 2025 and 15% by 2033. They also anticipate Spot Bitcoin ETF’s total Assets Under Management (AuM) to reach $190 billion by \u2018the 25E market peak and a whopping $3 trillion by 2033.\u00a0<\/span><\/p>\n

This bullish prediction underscores the analyst’s confidence in Spot BTC ETFs, despite it being a newly discovered asset class. In less than six months, the total assets under management for Spot Bitcoin ETFs have <\/span>grown<\/span><\/a> to $59.19 billion, with an average expense ratio of 1.07%. This massive growth has been spearheaded by leading asset management companies like <\/span>BlackRock<\/span><\/a>, Fidelity and others.\u00a0<\/span><\/p>\n

BTC Price Enters Fresh Bull Cycle<\/h2>\n

In their note, Bernstein analysts also declared that BTC has officially entered a new bull market cycle. The analysts disclosed that this <\/span>bull cycle<\/span><\/a> is currently driven by the recent <\/span>Bitcoin halving event<\/span><\/a>, which took place on April 20.\u00a0<\/span><\/p>\n

Related Reading: Dogecoin Enters Final Stage Of Consolidation, Analyst Predicts 6,150% Rally To $7.5<\/a><\/div>\n

They anticipate the rise of <\/span>new catalysts<\/span><\/a> that could trigger an increase in demand for BTC, propelling its price to new levels. In contrast, crypto analyst, Michael van de Poppe has <\/span>predicted<\/span><\/a> that BTC has likely reached its bottom between the price range of $63,000 and $65,000.\u00a0<\/span><\/p>\n

As of writing, the cryptocurrency is trading at $63,865, reflecting a weekly decline of 4.76%. Poppe has suggested a <\/span>potential reversal<\/span><\/a> on the horizon, predicting that Bitcoin could find itself in <\/span>upward momentum<\/span><\/a> soon.\u00a0<\/span><\/p>\n

\"Bitcoin
BTC price threatens fall to $63,000 support | Source: BTCUSDT on Tradingview.com<\/a><\/figcaption><\/figure>\n
Featured image created with Dall.E, chart from Tradingview.com<\/div>\n","protected":false},"excerpt":{"rendered":"

Analysts at global asset management firm Bernstein have revised their former Bitcoin target to $200,000, foreseeing the influx of Spot Bitcoin ETFs inflows catalyzing this massive price surge.\u00a0 Bernstein Analysts Raise Bitcoin Target To $200,000 In a note to clients, Bernstein analysts, Gautam Chhugani and Mahika Sapra predicted that Bitcoin could reach $200,000 by the end of 2025. This new price target comes after analysts foresaw BTC hitting $150,000 earlier in May. At the time, the analysts disclosed that they anticipated about $70 billion in inflows from Spot Bitcoin ETFs between 2024 and 2025. Related Reading: Here\u2019s Why The Worldcoin (WLD) Price Surged Over 15% In One Day To Reach $3 Presently, the analysts have solidified their predictions, reiterating that Spot Bitcoin ETFs would be the trigger driving Bitcoin\u2019s price to $200,000 next year. Analysts have estimated that Spot BTC ETFs could grow in demand to represent about 7% of the total BTC in circulation.\u00a0 They disclosed their expectations for Spot Bitcoin ETFs to grow significantly in adoption, highlighting possibilities of approvals from major wirehouses and large private banking platforms in Q3 and Q4. The analysts also disclosed that almost 80% of Spot Bitcoin ETF inflows are generated by self-directed retail investors who invest through brokerage platforms.\u00a0 They believe that institutional investors’ demand for Spot BTC ETFs is still in its early stages. However, as the market continues evolving institutional investors’ interest could rise, adding massively to the current inflows in Spot Bitcoin ETFs.\u00a0 Bernstein analysts wrote in their notes to clients that currently around $15 billion of net new flows have been brought in by ETFs combined. The cumulative inflows in Spot Bitcoin ETFs according to Farside data, have reached $14.66 billion since its launch on January 11.\u00a0 Due to the high demand and massive capital pouring into this asset class, analysts expect Spot Bitcoin ETFs to be equivalent to 7% of BTC\u2019s circulating supply by 2025 and 15% by 2033. They also anticipate Spot Bitcoin ETF’s total Assets Under Management (AuM) to reach $190 billion by \u2018the 25E market peak and a whopping $3 trillion by 2033.\u00a0 This bullish prediction underscores the analyst’s confidence in Spot BTC ETFs, despite it being a newly discovered asset class. In less than six months, the total assets under management for Spot Bitcoin ETFs have grown to $59.19 billion, with an average expense ratio of 1.07%. This massive growth has been spearheaded by leading asset management companies like BlackRock, Fidelity and others.\u00a0 BTC Price Enters Fresh Bull Cycle In their note, Bernstein analysts also declared that BTC has officially entered a new bull market cycle. The analysts disclosed that this bull cycle is currently driven by the recent Bitcoin halving event, which took place on April 20.\u00a0 Related Reading: Dogecoin Enters Final Stage Of Consolidation, Analyst Predicts 6,150% Rally To $7.5 They anticipate the rise of new catalysts that could trigger an increase in demand for BTC, propelling its price to new levels. In contrast, crypto analyst, Michael van de Poppe has predicted that BTC has likely reached its bottom between the price range of $63,000 and $65,000.\u00a0 As of writing, the cryptocurrency is trading at $63,865, reflecting a weekly decline of 4.76%. Poppe has suggested a potential reversal on the horizon, predicting that Bitcoin could find itself in upward momentum soon.\u00a0 Featured image created with Dall.E, chart from Tradingview.com<\/p>\n","protected":false},"author":594,"featured_media":625865,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[5651],"tags":[167,428,656,679,1119,89185,1122,1144,78790,6664,26263,14690],"class_list":["post-625856","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-bitcoin","tag-analyst","tag-bitcoin","tag-bitcoin-news","tag-bitcoin-price","tag-btc","tag-btc-news","tag-btc-price","tag-btcusd","tag-btcusdt","tag-crypto","tag-crypto-analyst","tag-crypto-news"],"acf":[],"yoast_head":"\nBitcoin Spot ETFs Effect: Bernstein Analysts Revise BTC Target To $200,000, Here\u2019s When<\/title>\n<meta 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