$BTC
BlackRock's Bitcoin ETF (IBIT) saw an inflow of nearly $877 million in a single day as the price of Bitcoin hit a new record high of $111,807.
That was the largest of any ETF. N
In addition, trading volume was nearly $5.2 billion, the second highest in history.
While Bitcoin was once seen as a risky investment (like tech stocks), it is now also seen as a safe investment (like gold).
That's why Bitcoin has become a separate market, independent of the stock market.
Bitcoin's price fell to $109,300 amid US President Trump's trade threats, but investor enthusiasm has not waned.
How high can the Bitcoin price go?
Bernstein estimates it will hit $200,000 by 2025, while some analysts say it could hit $120,000 by the end of June.
Maelstrom Arthur Hayes: I believe Bitcoin price will exceed $1 million by 2028.
The dual advantages of Bitcoin are:
High risk but high returns (like tech stocks)
If the economy is unstable, it is safe. (Like gold)
These are the reasons why Bitcoin is attractive to a variety of investors.
