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Title: BTC eyes $100k despite $338M Bitcoin ETFs outflows
As the price of Bitcoin (BTC) continues to surge, investors are eyeing a potential run to $100,000. This comes as 12 Bitcoin ETFs recorded net outflows totaling $338 million over the past 15 days.
Despite these outflows, MicroStrategy’s recent regulatory filing has sparked speculation that the company could increase its shares by 10 billion, allowing for an unprecedented influx of capital into Bitcoin. This move would undoubtedly send shockwaves through the cryptocurrency market and potentially propel BTC to new heights.
The recent data suggests that investors are not deterred by recent outflows from the market. In fact, the opposite seems to be true. The past year has seen a staggering 128% increase in BTC’s value, with the current price standing at $98,569.
Meanwhile, the $6.7 billion worth of positive flows registered over the past 15 days is evidence that investors are not losing faith in this asset class. With a significant portion of these inflows still pending, it is clear that Bitcoin’s upward momentum shows no signs of slowing down.
In light of this new information, the prospect of a surge to $100k seems increasingly plausible. As Saylor so aptly put it, “If you are not buying bitcoin at the top, you are leaving money on the table.”
Source: coinjournal.net
