BlackRock’s Bitcoin ETF Launch Could Skyrocket Bitcoin Price To $180,000 Before 2024 Halving: Analyst

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Bitcoin‘s (CRYPTO: BTC) price could potentially skyrocket to $180,000 before the scheduled halving in April 2024, according to investment research firm Fundstrat. Bitcoin ETF Could Drive Demand This surge is expected to be driven by the potential launch of a Bitcoin ETF from BlackRock (NYSE:BLK), which could significantly boost daily demand for the cryptocurrency, Business Insider reports. “This [bitcoin ETF launch] would bring daily demand to $125 million, while daily supply is only $25 million. The implied equilibrium price would need to rise so daily supply matches daily demand. Equilibrium…

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