Bitcoin Fit Remain Pass $100K Because of ETF Flow
Geoffrey Kendrick, di head for Digital Asset Research for Standard Chartered, talk say if di current political and economic catalysts still dey, Bitcoin fit no drop below $100,000 again. E highlight better US-China trade talks, including possible delay for China rare earth export curbs and resumed soybean purchases as main bullish drivers. Di Bitcoin-to-gold ratio don bounce back to pre-October levels; if e fit break above 30 steady, e go show say market risk appetite dey back. Investors suppose dey watch spot Bitcoin ETF inflows: over $2 billion comot from gold ETFs last week, and if half of that money enter Bitcoin ETFs, e go confirm say people get new bullish sentiment. Crypto ETFs still dey lag, so Kendrick see chance for catch up. People dey expect 25 basis-point Fed rate cut for di next FOMC meeting and tech earnings from places like Coinbase also dey support further rally. New all-time high go show say ETF flows get more power pass traditional halving cycles.
Bullish
Standard Chartered bullish Bitcoin forecast, wey dem base on better trade prospects for US and China, comeback for Bitcoin-to-gold ratio, and possible $2 billion ETF inflows, dey show strong upward momentum. Dem expect say Fed go cut rate by 25 basis points and strong tech earnings go still support near-term rally. For short term, ETF inflows fit make price run sharp as market risk appetite return. For long term, steady ETF demand and macroeconomic catalysts fit set new price floor above $100K, show say ETF-driven market fit pass traditional halving cycles.