BLOOMBERG SAYS #BITCOIN BACK AT $100,000 IS “NOT SO OUTLANDISH”
After Bitcoin surged as high as $87,000 this week, Bloomberg says a move back to $100,000 no longer looks so far away.
The setup:
Bitcoin briefly traded above $87,000
Spot Bitcoin ETFs saw nearly $1B in one-day inflows
ETF flows have turned positive for the year
Short covering helped fuel the move
Risk appetite is returning
Institutional demand is rebuilding
This is not a guarantee.
But Bitcoin demand is clearly getting louder again.
THE $100K CONVERSATION IS BACK#BTC
After Bitcoin surged as high as $87,000 this week, Bloomberg says a move back to $100,000 no longer looks so far away.
The setup:
Bitcoin briefly traded above $87,000
Spot Bitcoin ETFs saw nearly $1B in one-day inflows
ETF flows have turned positive for the year
Short covering helped fuel the move
Risk appetite is returning
Institutional demand is rebuilding
This is not a guarantee.
But Bitcoin demand is clearly getting louder again.
THE $100K CONVERSATION IS BACK#BTC
