Flow

Bitcoin ETF

<ul class="news-points"> 
 <li><strong>Plan B questions the discrepancy between the putative 90% approval odds for a spot Bitcoin ETF and Bitcoin’s current value.</strong></li> 
 <li><strong>Plan B directed the question at Eric Balchunas, a senior ETF analyst at Bloomberg.</strong></li> 
 <li><strong>Balchunas argues the odds of a spot Bitcoin ETF being approved by Jan 10 are 90%.</strong></li> 
</ul> 
<p>X user Plan B, known as the creator of the Bitcoin Stock to Flow model, has raised a salient question about the current state of Bitcoin’s price.</p> 
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  <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
   <p lang="en" dir="ltr">Something doesn't add up. If odds are 90% that a spot bitcoin ETF will be approved, and that when approved bitcoin price will pump through $100k .. then BTC price should be $90k TODAY. So what gives? <a href="https://t.co/uC1Ve5cyYJ" target="_blank" rel="nofollow">https://t.co/uC1Ve5cyYJ</a></p>— PlanB (@100trillionUSD) <a href="https://twitter.com/100trillionUSD/status/1730181199069409618?ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">November 30, 2023</a>
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<p>The tweet, directed at Eric Balchunas, senior ETF analyst at Bloomberg, suggests a misalignment between the anticipated approval odds of a spot Bitcoin ETF and the current market value of the leading cryptocurrency.</p> 
<p>“Something doesn’t add up. If odds are 90% that a spot Bitcoin ETF will be approved, and that when approved, Bitcoin price will pump through $100k… then BTC price should be $90k TODAY. So what gives?” questioned Plan B.</p> 
<p>This question has ignited …</p>
<p>The post <a href="https://coinedition.com/etf-approval-priced-in-not-until-btc-sees-90k-says-one-analyst/">ETF Approval Priced In? Not Until BTC Sees $90K, Says One Analyst</a> appeared first on <a href="https://coinedition.com">Coin Edition</a>.</p>

ETF Approval Priced In? Not Until BTC Sees $90K, Says One Analyst

Coin Edition

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