The spot Bitcoin ETF market attracted $4.1 billion in investments in October, while Bitcoin's six-month new peak has created a median return expectation of 40% over the next three months. This rise could push BTC from the current price of $73,000 to over $101,000 by January 2025. Institutional Investments Have Started the Countdown for a Bitcoin RecordThe 10X Research forecasting model triggered two buy signals, the latest of which was on October 14. The research team noted that typically, a median return of 40% is observed in a three-month period following Bitcoin's first new peak in the last six months. At the center of investment flows is the assessment by institutional investors like BlackRock, viewing Bitcoin as a long-term stable asset or digital gold. 10X Research predicts that Donald Trump's potential victory in the 2024 U.S. presidential elections could strengthen the crypto market. Upcoming regulations will allow companies to report their Bitcoin assets at current market prices. The outlook for Ethereum (ETH) is negative due to low returns over the past two years. While the report is optimistic about short-term Ethereum rallies, it takes a cautious approach regarding long-term expectations unless innovations change the stagnant trend.
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