Even a jump to $270,000 implies bitcoin would more than quadruple from current levels. In the span of 12 months, that’s a lot of work to accomplish for any asset with a market capitalization of north of $1.2 trillion. In the essence of prudence, it may for pay for investors to not bank on such rapid appreciation. Acheson acknowledged the upcoming halving could differ from its three predecessors.
“Does that mean the time to the next all-time high will be much shorter than in previous cycles?” Acheson wrote. “Could it imply a steeper correction after the event? There’s no way to tell, especially with so many other market drivers at work.”
Spot bitcoin ETFs available to U.S. advisors and investors include the VanEck Bitcoin ETF Trust (HODL), Invesco Galaxy Bitcoin ETF (BTCO), WisdomTree Bitcoin Fund (BTCW), Bitwise Bitcoin ETF (BITB), Grayscale Bitcoin Trust ETF (GBTC), iShares Bitcoin Trust (IBIT), Fidelity Wise Origin Bitcoin Fund (FBTC), and the ARK 21Shares Bitcoin ETF (ARKB).
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