Bitcoin ETF

Bitcoin

Spot

<p style="text-align: justify">You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/bitcoin-price-could-soar-to-280000-jmp-securities-predicts/" data-wpel-link="internal">Bitcoin Price Could Soar to $280,000, JMP Securities Predicts</a><br></p>
<p style="text-align: justify"><strong>JMP Securities,</strong> <a href="https://coin-turk.com/keiser-altina-degil-bitcoine-hucum-basliyor" data-wpel-link="internal">Bitcoin</a>‘s price has dropped below $70,000, but they predict it could potentially reach $280,000. This prediction was published in the firm’s latest research report. Over the next three years, it is believed that there will be a significant inflow into spot <a href="https://en.coin-turk.com/bitcoin-and-fed-meeting-expectations-and-predictions/" data-wpel-link="internal">Bitcoin</a> exchange-traded funds (ETFs), indicating a price level of $220 billion. This is based on the increasing investor interest in cryptocurrencies and positions <a href="https://en.coin-turk.com/binance-us-faces-hardship-amid-sec-lawsuit-major-shift-to-cryptocurrency-only-exchange-looms/" data-wpel-link="internal">Coinbase</a> to take advantage of these developments.</p> 
<h2 style="text-align: justify" id="the-importance-of-etfs-in-bitcoin-s-market">The Importance of ETFs in Bitcoin’s Market</h2> 
<p style="text-align: justify">The JMP report commented on the remarkable journey of spot Bitcoin ETFs, which saw inflows reaching $10 billion two months after their approval. Analysts suggest that such a surprising figure could be the first step of a likely trend.</p> 
<p><img loading="lazy" loading="lazy" decoding="async" class="aligncenter size-full wp-image-327772" src="https://coin-turk.com/wp-content/uploads/2024/03/btc-marketcap.png" alt="" width="1567" height="891"></p> 
<p style="text-align: justify">Comments suggest that ETF approvals could serve as a significant driving force for future inflows, which could continue to multiply. Indeed, CryptoQuant CEO Ki Young Ju emphasized that if institutional inflows into Bitcoin continue, a “sell-side liquidity crisis” could be imminent.</p> 
<p style="text-align: justify">Ju made the following statement:</p> 
<blockquote> 
 <p>Until the spot Bitcoin ETF inflow stops, bears cannot win this game… If this pace continues, we will see a sell-side liquidity crisis within 6 months… When a sell-side liquidity crisis occurs, due to limited sell-side liquidity and a thin order book, the next cyclical peak could exceed our expectations.</p> 
</blockquote> 
<h2 id="how-much-will-bitcoin-be-worth">How Much Will Bitcoin Be Worth?</h2> 
<p style="text-align: justify">At the heart of the price prediction is the potential impact of planned capital inflows on the price of Bitcoin.</p> 
<p style="text-align: justify">JMP analysts, including Devin Ryan, believe that the potential inflow of $220 billion could double Bitcoin’s market value and push its price to $280,000.</p> 
<p style="text-align: justify">This prediction indicates that the new capital could represent an approximate 25X increase. Consequently, it is thought that this could have a significant impact on Bitcoin’s overall market value.</p> 
<p style="text-align: justify">On the other hand, one of JPMorgan’s analysts, Nikolaos Panigirtzoglou, suggested that the recent inflows in the market could actually be the result of capital shifting from traditional crypto institutions like exchanges to spot Bitcoin ETFs. However, he also noted that the situation could change in the future.</p> 
<blockquote> 
 <p><a href="https://en.coin-turk.com/celsius-network-works-to-make-an-agreement-for-customer-fund-returns/" data-wpel-link="internal">Crypto</a> exchanges have seen a cumulative Bitcoin outflow of about $7 billion since the launch of the spot Bitcoin ETF. In other words, the net flow from retail investors to newly created ETFs is likely closer to $2 billion rather than $9 billion.</p> 
</blockquote> 
<h5><span style="font-weight:bold;font-size:16px">The post first appeared on COINTURK NEWS: </span> <a href="https://en.coin-turk.com/bitcoin-price-could-soar-to-280000-jmp-securities-predicts/" data-wpel-link="internal">Bitcoin Price Could Soar to $280,000, JMP Securities Predicts</a></h5>

Bitcoin Price Could Soar to $280,000, JMP Securities Predicts

Table of Contents

COINTURK NEWS

Other articles published on Mar 15, 2024

Surge in Bitcoin Withdrawals Hint at Investor Confidence Despite Market Fluctuations

Pepe Coin Price Prediction: $PEPE May Plunge 20% Amid Market Sell-off

Is Binance Coin (BNB) Price Ready to Skyrocket? Expert Predicts a Surge to $1300 as New All-Time ...

Ripple: Analyst Sets Ambitious XRP Target of $31

XRP Price Analysis: Is $1 Imminet Amid Legal Battles and Market Corrections?

Base Transaction Fees Fall Under 1¢: A Step Forward

Join our free newsletter for daily crypto updates!