$BTC ETF Nasdaq BlackRock

BlackRock’s Bitcoin Spot ETF will officially begin trading on Nasdaq on the morning of January 11.

Bloomberg predicts that there will be a net inflow of US$4 billion into the Bitcoin spot ETF market on the first day.

Currently, the total single-day transaction volume of Bitcoin on major exchanges is about 20-50 billion US dollars, 99% of which are exchanges between left and right hands, and the daily new net inflow of funds is minimal.

In other words, 4 billion US dollars will enter the market to purchase about 1.5 million Bitcoin transactions (about 16 million Bitcoins are in non-transaction addresses or some wallets have died due to losing their private keys).

The most optimistic estimate is that the first day of trading for the Bitcoin ETF will boost the price of Bitcoin soaring by $2,600 to a price near $49,000.

Starting at 10 pm on January 11th, Beijing time, all retail investors please wash your bodies, refuse to socialize, resist intercourse, sit down in a corner, and start a 30-minute long journey.

This is a once in a lifetime event, and then the price of Bitcoin will fall back.

Good luck!