JUST IN: 🟠 Bitcoin ETFs could attract up to $24 BILLION after approval, including 20% of demand from precious metal ETFs switching to Bitcoin - Matrixport

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You gat to see this one 💜🪴

Only 24B? 🤔

Seriously. Why so bearish?! Lol

Blackrock alone manages over $10 trillion, if money managers get 1% of this allocated it would be $100B overnight. Thats just blackrock… not mentioning the other 10 ETFs waiting for approval. Think this math is extremely conservative to the point that it’s probably wrong.

Right. It's missing a couple zeros.

What is this? An inflow for ants? 🐜 😂

It sounds small but compared to what the exchanges hold its a decent amount

On dividing $24Bn by the 21m existing #Bitcoin, I infer 1BTC will be $1m or thereabouts. Surely not?

More like a thousand unfortunately. But thankfully that's not how it works

Oops!