Bitcoin price may surge 74.1% to more than $59K during the first year after spot Bitcoin ETFs (exchange-traded funds) are approved in the US, says crypto investment firm Galaxy Digital.<\/p>\n
Inflows of $14 billion are likely in the first year, ramping up to $27 billion in the second year and $39 billion the year after, said<\/a> research associate Charles Yu.<\/p>\n
\nApproval for a US-regulated spot #Bitcoin<\/a> ETF will be one of the most impactful catalysts for the adoption of Bitcoin.<\/p>\n
In our latest report, we estimate potential new incremental inflows into Bitcoin investment products ranging from ~$125bn to ~$450bn: https:\/\/t.co\/1FCl7rpv1E<\/a><\/p>\n
— Galaxy (@galaxyhq) October 24, 2023<\/a><\/p><\/blockquote>\n