- With $12 billion inflows into a Bitcoin ETF, the price went from $45,000 to $74,000, which is 41, a perfect money multiplier on market capitalization.
- The $16 billion cash redistribution planned for this Q4 2024 can easily push Bitcoin past $100k if a part of it goes into bitcoins.
- In addition to stable ETF inflows, potential creditor investments at FTX further the theory of a healthy end to 2024 for Bitcoin but it might be volatile as such.
The recent statistics show the strong positive relationship between the Bitcoin ETF inflows and BTC price, that $12 billion net inflows boosted Bitcoin from $45,000 to $74,000. This implementation into the flow of cryptocurrencies into the Bitcoin ETFs also saw the market capitalization go up by $500 billion.
Furthermore, experts estimate that $12 billion in net assets effectively boosted bitcoin’s market capitalization to $500 billion through a 41 times factor, which underlines how much institutional investments are currently stimulating this asset.
FTX’s $16 Billion Cash Redistribution in Q4 2024
Another probable event worth watching in the long term is the $16 billion cash redistribution from FTX to creditors in Q4 of 2024. This redistribution is among the ongoing compensation claims that the bankrupt exchange is undertaking to defray outstanding legal liabilities. But at the same time many market participants are wondering what with this big sum these money will be invested in once they are in the hands of creditors?
Various analysts have opined that if only a part of the $16 billion from FTX’s creditors invested in this cryptocurrency then it is expected to cause a massive revolution within the market. With the same 41x factor seen during the latest ETF inflows, up to $16bn invested in Bitcoin could lead to up to $656bn in market capitalization. Such an increase would surely send Bitcoin’s value way above $100,000, an important psychological and technical level for the cryptocurrency.
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A Strong End to 2024 for Bitcoin
Such projections may still largely remain assumptions, the effect of institutional investment and other forms of increased market float cannot be ruled out. Since the redistribution is planned in FTX for Q4 and financial products with Bitcoin will continue to attract large investments, Bitcoin may continue its price growth in the future months. However, market conditions still provide unpredictability and telling this, investors should keep being extremely careful though a positive outlook has been given.
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