Matrixport: “If This Happens, Bitcoin Will Reach $56,000!”

Rising above $30,000 even after fake news BitcoinInvestors’ bullish expectations are increasing.

At this point investors BTC While the decline expectation for the research company is decreasing Matrixport’‘s new report supports investors’ expectations.

Spot BitcoinStating that ETFs can be an important catalyst for the price, Matrixport stated that companies applying for ETFs BitcoinHe explained that even a modest 1% allocation for BTC could lead to inflows of approximately $50 billion.

Following possible approval of ETFs BTC In its report, Matrixport stated that the price may rise and made a price prediction of $ 42,000 and $ 56,000 for BTC and included the following statements:

“Now let’s examine the potential impact of BlackRock Bitcoin ETF’s approval.

If Tether’s market cap increases by $24 billion after this approval and serves as a proxy for potential ETF inflows, Bitcoin’s price will rise to $42,000.

This estimate also means a conservative estimate for Bitcoin.

“If there is a larger allocation of $50 billion, Bitcoin could potentially rise to $56,000.”

Bitcoin At the time of writing, it is at $ 28,450.

*This is not investment advice.