🚀 Bitcoin soars past $50,000, even reaching $52,000, thanks to an influx of funds from a new Bitcoin ETF! According to Marc van der Chijs, a Bitcoin investor and founder of several crypto companies, ETF issuers purchase more than 10-12x the amount of BTC produced each day, causing a price increase of around 2% or $1,000 per day.

What impact will ETFs have on BTC prices?

- The price increase occurred before the US market opened;

- Sales by users to fill ETF orders at higher prices;

- FOMO among ETF investors, increasing USD demand and valuation.

Chijs believes an average increase of $1,000 per day will occur in the next few weeks. But there are two events that could make prices jump even higher in the next 3 months:

1. Bitcoin chunking event in April, reducing miner block rewards and the amount of BTC produced;

2. Sale of new ETF shares after 90 trading days, which will increase demand.

So, get ready to welcome increasingly higher Bitcoin prices! 💥 What do you think? Let's discuss in the comments column!