Widely followed on-chain analyst Willy Woo says the Bitcoin price could surge by 10X with the approval of a spot Bitcoin ETF in the United States. 

“What would price do if these guys put 5% of AUM into BTC? My calculations estimate around ~$310k per coin. It would really depend on whether they deploy in a bearish or bullish phase of the market but the range would be between $128k - $398k. Right now it's $310k. Methodology is via measuring market cap increase vs realized cap increase.”

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