The world’s most famous cryptocurrency rose today by 3%, bringing its gains since the beginning of the year to 120%.
This rise coincided with the start of trading on the documents of the first US fund dedicated to bitcoin futures. Bloomberg said that about 24 million documents from the Prosher Fund were traded on Tuesday, with trading values of about one billion dollars, ranking second in the list of the most actively traded funds in the US market, after the Blarock Carbon Fund.
The price of the cryptocurrency Bitcoin may reach “unprecedented levels that may reach more than twice the level it reached during today’s trading.”
Having previously expected the world’s most famous cryptocurrency to reach $ 100,000 by the end of this year, researchers at the “Fund Star” company said that “the price of Bitcoin may jump to $ 168,000, if the documents of the index fund, which began trading on the New York Stock Exchange on Tuesday, attracts A new wave of investor flows.
Fund Star predicts that “the new Bitcoin futures in ProShare’s index fund will provide higher first-year inflows than those attracted by the 2002 Invesco QQQ Trust Series 1 Index fund that tracks the Nasdaq 100.”
The institution added, “The new fund will enable a wide category of individual investors to invest in the cryptocurrency.”