Part 7/12:
Institutional interest continues to pour into Bitcoin, with ETFs now holding 3% of all Bitcoin—absorbing 150,000 BTC within 12 days. Major players like Fidelity and BlackRock dominate this space, with some ETFs worth $6.25 billion.
The significance lies not only in volume but in the ongoing "battle" for control and legitimacy, especially as regulatory approval looms for spot Bitcoin ETFs in the U.S., with predictions suggesting approval as early as May.
The Power Law of Bitcoin: Predictions from History
A fascinating tool, the Bitcoin Power Law, models potential future prices based on historical data:
95.4% of the time, Bitcoin stays within defined support and resistance levels.
Post-2028, Bitcoin might never dip below $100,000.