What is noteworthy is the sharp rise in the value of bitcoin, which has also led to a nearly 440% increase in the stock price of MicroStrategy in the cumulative total this year.
Since August 2020, it has surged by over 2500%. Bitcoin itself has also risen by approximately 660% during the same period.In the USA, there has been a significant inflow of funds into the Bitcoin spot ETF. The total amount of inflow into the Bitcoin spot ETF reached a record high of $1.370 billion last Thursday, making it the largest daily inflow amount in history.
In addition,
Among the 11 physical Bitcoin ETFs in the USA, BlackRock has the largest assets. The latest data shows that its assets ($34.3 billion) are the largest in BlackRock's history.An inflow total of about 1.370 billion dollars, a record-breaking daily inflow, was made to the Bitcoin spot ETF last Thursday, totaling 1.370 billion dollars.
In the USA, there has been a significant inflow of funds into the Bitcoin spot ETF. The total amount of inflow into the Bitcoin spot ETF reached a record high of $1.370 billion last Thursday, making it the largest daily inflow amount in history.
$iShares Bitcoin Trust (IBIT.US)$Among the 11 physical Bitcoin ETFs in the USA, BlackRock has the largest assets. The latest data shows that its assets ($34.3 billion) are the largest in BlackRock's history.
$Gold Trust Ishares (IAU.US)$surpassed the assets of silver (32.9 billion dollars). However, it is still not as large as IBIT, the market's largest gold ETF
$SPDR Gold ETF (GLD.US)$has yet to reach.
This reversal is a groundbreaking event for bitcoin. Compared to the long history of gold and the background of gold ETFs being on the market for nearly 20 years, Blackrock's bitcoin ETF just entered the market in January of this year.
It is revealed that 27 billion dollars in funds have flowed in just 9 months.is noted.
How high will bitcoin rise?Boosted by news of a Trump victory, there is growing bullish sentiment that the price of bitcoin will rise to 0.1 million dollars by the end of the year.
Matt Hogan, the Chief Investment Officer of Bitwise, stated that while investors are trying to ride the uptrend, long-term holders are reluctant to sell bitcoins worth less than 0.1 million dollars, as short selling is feared to go against the trend.
Jeff Kendrick, the global head of digital asset research at Standard Chartered, stated that after Trump's victory,
the price of Bitcoin is expected to reach $0.125 million by the end of this year and $0.2 million by the end of 2025.he mentioned.
Fadi Abu Alfa, the research head of crypto custodian Copper.co,
predicts that Bitcoin may reach $0.1 million before Trump's inauguration as president on January 20, 2025,and Tom Lee, the co-founder of Fundstrat, also believes that Bitcoin has the potential to reach $0.1 million by the end of this year.
-moomoo News by EvelynSource: moomooThis article uses auto-translation in part.
183087863 : No
181734847 : Isn't it going to push once and get over
182483439 : Very excited about MSTR stock
It went up to $1000.