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Bitcoin jumped from $37,000 to $69,000 in four months after spot ETF approval let regular investors buy it easily. Over $10 billion flowed in, creating a supply shortage that kept pushing the price up.
Bitcoin jumped from $37,000 to $69,000 in four months after spot ETF approval let regular investors buy it easily. Over $10 billion flowed in, creating a supply shortage that kept pushing the price up.
4 months ago the Bitcoin price was $37,000. Today price is sitting at $69,000. In 4 months, that's kind of amazing. Why is the Bitcoin price going up?
Well, prices go up because more people want to buy than sell. That's like the simplest example. If you think about what's happened in those 4 months, the biggest thing is the Bitcoin spot ETFs got approved. And in those ETFs, it basically just gives a ton of people access to the asset that previously didn't have it. And so historically, we've seen these ETFs for certain asset classes get approved, lots of money comes in, the price goes up over a long period of time. People are surprised at quickly assets have come in. There's over $10 billion that have flowed into these assets. And then also how quickly the price of Bitcoin has gone up and set a new all-time high.
