BTC Price Could Hit $200k as Institutional Investors Snap Up Limited Supply
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ETFs have brought more legitimacy and decreasing BTC supply as institutional investors buy up tokens much faster than they are mined.
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Ongoing shift from BTC futures ETFs to spot ETFs due to lower fees, with more asset managers offering exposure. Retail traders still active in altcoins.
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BTC could hit $200k this cycle based on total money supply comparisons and not enough supply for every millionaire to own 1 BTC.
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Volatility has increased despite institutional money, and future ETF options could further feed volatility via delta hedging strategies.
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Weird cycle with BTC hitting ATH pre-halving, but mining rewards reduction could be offset by higher fees from congestion and higher BTC price.