In a recent analysis, a crypto market expert has discovered key elements that could trigger a massive surge in the Bitcoin price.
Crypto Expert Reveals Bitcoin Price Surge Catalyst
Head of Research at CoinShares, James Butterfill has published an in-depth analysis of a revelation that could catalyze a significant increase in Bitcoin’s price. Butterfill’s research delves deep into the present dynamics of the crypto market surrounding the potential approval of Spot Bitcoin ETFs and the inflows that could follow.
Using an analysis by Galaxy, Butterfill deduced that if 10% of the $14.4 trillion addressable assets within the US were to go into Spot Bitcoin ETFs, each with a 1% allocation, then over $14.4 billion inflows would be witnessed. If the predictions prove true, Butterfill has