Analyst Forecasts Bitcoin Price to Reach $650K After Full Deployment of ETF Investors Following Asset Manager Suggestions

Renowned onchain analyst Willy Woo has made a bold prediction, forecasting a potential surge in the price of bitcoin to $650,000 once the bull market reaches its peak. According to Woo, this prediction relies on spot bitcoin exchange-traded fund (ETF) investors fully utilizing their assets based on directives from asset managers. He believes that these figures are quite conservative and anticipates that bitcoin will surpass the market cap of gold once ETFs have fulfilled their purpose.

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