Widely followed on-chain analyst Willy Woo says the Bitcoin price could surge by 10X with the approval of a spot Bitcoin ETF in the United States.
“What would price do if these guys put 5% of AUM into BTC? My calculations estimate around ~$310k per coin. It would really depend on whether they deploy in a bearish or bullish phase of the market but the range would be between $128k - $398k. Right now it's $310k. Methodology is via measuring market cap increase vs realized cap increase.”
TimeStamps: 00:00 Trending 02:02 Market Watch 03:30 Bitcoin T.A. 07:46 SEC has pushed investors into ‘toxic’ crypto products and FTX 11:47 AI-generated fake news sparks rumors of Gary Gensler’s resignation 14:40 Crypto Analyst Predicts BTC All-Time High by October 16:52 “Bitcoin ETF Will Send BTC to Shatter $310K” 18:55 BlackRock & Coinbase Deal Could Trigger Bitcoin Burst to $773K 21:02 Live Q&A
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