China Access to Bitcoin ETF Pushes Price Prediction to $150,000

BE[IN]CRYPTO05-07

Hong Kong's Bitcoin ETF could invite Chinese investors, boosting BTC to $150,000. Discussion on including BTC ETF in Stock Connect may open it to mainland China. Analysts forecast Bitcoin hitting $150...

Source Link

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2433288247?lang=en_US&edition=fundamental","thumbnail":"https://beincrypto.com/wp-content/uploads/2023/01/BIC_Xi_Jinping_positive-850x478.png","is_english":true,"pubTime":"2024-05-07 00:47","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2433288247","market":"us","top_or_hot":-1,"title":"China Access to Bitcoin ETF Pushes Price Prediction to $150,000","media":"BE[IN]CRYPTO","content":"<div>\n<p>Hong Kong's Bitcoin ETF could invite Chinese investors, boosting BTC to $150,000.\nDiscussion on including BTC ETF in Stock Connect may open it to mainland China.\nAnalysts forecast Bitcoin hitting $150...</p>\n\n<a href=\"https://beincrypto.com/china-bitcoin-etf-price-prediction/\">Source Link</a>\n\n</div>\n","source":"beincrypto_highlight","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>China Access to Bitcoin ETF Pushes Price Prediction to $150,000</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nChina Access to Bitcoin ETF Pushes Price Prediction to $150,000\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-05-07 00:47 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://beincrypto.com/china-bitcoin-etf-price-prediction/><strong>BE[IN]CRYPTO</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Hong Kong's Bitcoin ETF could invite Chinese investors, boosting BTC to $150,000.\nDiscussion on including BTC ETF in Stock Connect may open it to mainland China.\nAnalysts forecast Bitcoin hitting $150...</p>\n\n<a href=\"https://beincrypto.com/china-bitcoin-etf-price-prediction/\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"EZBC","symbol_name":"Franklin Bitcoin ETF","start_time":0,"source_url":"https://beincrypto.com/china-bitcoin-etf-price-prediction/","article_id":"2433288247","we_media_id":null,"thumbnails":["https://beincrypto.com/wp-content/uploads/2023/01/BIC_Xi_Jinping_positive-850x478.png"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2433288247","pubTimestamp":1715014076,"sourceInfo":{"source_id":"beincrypto_highlight","name":"BE[IN]CRYPTO"},"weMediaInfo":null,"summary":"Hong Kong's Bitcoin ETF could invite Chinese investors, boosting BTC to $150,000.Discussion on including BTC ETF in Stock Connect may open it to mainland China.Analysts forecast Bitcoin hitting $150,000 by end-2025 due to US ETF inflows.The potential opening of Hong Kong’s Bitcoin exchange-traded funds  to investors from mainland China has sparked a flurry of excitement and speculation within the cryptocurrency market.On April 30, Hong Kong launched spot Bitcoin and Ethereum ETFs, marking a significant development for crypto trading in Asia. Although the initial trading volume was modest, the geographical and economic proximity of Hong Kong to China has raised prospects of cross-border crypto investments.Adding to the optimistic outlook, analysts from Bernstein have reinforced a bullish stance on their Bitcoin price prediction. Despite a recent dip to about $57,000, Bernstein’s analysts, Gautam Chhugani and Mahika Sapra, predict that Bitcoin could reach $150,000 by the end of 2025.The ","collect":0,"end_time":0,"defaultTopTitle":"beincrypto.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"EZBC":"Franklin Bitcoin ETF","BK4594":"比特币ETF概念","BK4588":"碎股","GBTC":"Grayscale Bitcoin Trust","BITO":"ProShares Bitcoin Strategy ETF","BRRR":"Valkyrie Bitcoin Fund","BTCO":"Invesco Galaxy Bitcoin ETF","BK4550":"红杉资本持仓","IBIT":"iShares Bitcoin Trust","BITB":"Bitwise Bitcoin ETF","BTCW":"WisdomTree Bitcoin Fund","DEFI":"Hashdex Bitcoin ETF","FBTC":"Fidelity Wise Origin Bitcoin Fund","FDN":"First Trust Dow Jones Internet I","HODL":"VanEck Bitcoin Trust ETF","BK4585":"ETF&股票定投概念"},"translate_title":"中国进入比特币ETF将价格预测推高至15万美元","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"BTCO":1,"IBIT":1,"HODL":1,"GBTC":1,"FDN":1,"FBTC":1,"EZBC":1,"DEFI":1,"BTCW":1,"BITB":1,"BRRR":1,"BITO":1},"content_text":"Hong Kong's Bitcoin ETF could invite Chinese investors, boosting BTC to $150,000.\nDiscussion on including BTC ETF in Stock Connect may open it to mainland China.\nAnalysts forecast Bitcoin hitting $150,000 by end-2025 due to US ETF inflows.\n\nThe potential opening of Hong Kong’s Bitcoin exchange-traded funds (ETFs) to investors from mainland China has sparked a flurry of excitement and speculation within the cryptocurrency market. \nOn April 30, Hong Kong launched spot Bitcoin and Ethereum ETFs, marking a significant development for crypto trading in Asia. Although the initial trading volume was modest, the geographical and economic proximity of Hong Kong to China has raised prospects of cross-border crypto investments.\nWill China Enable Access to Bitcoin ETFs?\nRichard Byworth, managing partner at SyzCapital and a noted Bitcoin investor, recently hinted at a pivotal development. In a conversation with Samson Mow on social media platform X (formerly Twitter), Byworth mentioned ongoing discussions about including the spot Bitcoin ETF in the Stock Connect program. \nThis program, encompassing the Shenzhen-Hong Kong and Shanghai-Hong Kong Stock Connects, facilitates cross-border trading. It allows investors to use local brokers and clearing houses to access shares in each other’s markets.\n\n“I just got back from Hong Kong. There is talk that the ETF could be added to stock connect. The implications for this are absolutely enormous. [It] basically means mainland money can buy it,” Byworth said.\n\nDespite China’s stringent anti-crypto policies, Byworth’s comments have rekindled hopes. Brian HoonJong Paik, co-founder and COO of SmashFi, echoed this sentiment. He highlighted the need for alternative assets in China against a backdrop of real estate challenges. \nPaik pointed out that with significant capital locked in underutilized real estate, the Chinese Communist Party might look favorably on accessible investment diversifications like Bitcoin ETFs.\n\n“[The] Hong Kong stock market [is] one of the most accessible foreign markets for Chinese investors, promoting financial integration between the Mainland and Hong Kong. Excluding only the Bitcoin ETF would likely cause significant repercussions among both institutional and retail investors in both China and Hong Kong,” Paik said. \n\nAdding to the optimistic outlook, analysts from Bernstein have reinforced a bullish stance on their Bitcoin price prediction. Despite a recent dip to about $57,000, Bernstein’s analysts, Gautam Chhugani and Mahika Sapra, predict that Bitcoin could reach $150,000 by the end of 2025. \nThe analysts cite robust inflows into US Bitcoin ETFs and favorable market conditions post-halving.\n\n“We feel even better about that call and BTC metrics indicate a healthy cycle, still in its early stages. Risk-reward here remains attractive,” the analysts wrote.\n\nRead more: Bitcoin Price Prediction 2024 / 2025 / 2030\n\n\nThe confluence of potential regulatory easing in China, strategic financial moves in Hong Kong, and positive market analytics from experts suggests a bullish phase for Bitcoin. As mainland investors eye the ETF market in Hong Kong, the crypto market might be about to witness significant shifts.","kind":null,"is_publish_news":null,"is_publish_highlight":null,"is_publish_live":null,"is_publish_wemedia":null,"editions":null,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.22.4","shortVersion":"4.22.4","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2433288247"}