"The approval of the spot Bitcoin ETFs will unlock $30 trillion of managed wealth,” Imagine only a 5%-10% conversion rate of that money.

With conservative multipliers and without network effects, after the injection of $30 trillion into a spot #Bitcoin ETF, the estimated new price of Bitcoin would be as follows:

Calculations: Estimating new Bitcoin price after $30T injection: - Current Market Cap: $830.2B - Injection: $30T - Bitcoins in Circulation: 18.9M

- New Bitcoin Price = New Market Cap / 18.9M - Only a 5-10% conversion rate of money from that wealth. that hold cryptocurrencies like Bitcoin may need to consider.

Result, Applying multipliers of 1.5 and 4 to the new market capitalizations and Bitcoin prices for both the 5% and 10% conversion rates, we get the following results:

> 5% Conversion Rate: - 1.5x Multiplier:     - New Market Capitalization: $3.50 trillion.     - New Price of Bitcoin: $184,937.

- 4x Multiplier:     - New Market Capitalization: $9.32 trillion.     - New Price of Bitcoin: $493,164.

>10% Conversion Rate: - 1.5x Multiplier:     - New Market Capitalization: $5.75 trillion.     - New Price of Bitcoin: $303,984.

- 4x Multiplier:     - New Market Capitalization: $15.32 trillion.     - New Price of Bitcoin: $810,624.

This is an extremely conservative approach. what do you think? 🤔 Probably nothing...  is gateway to the #Crypto universe.