At the time of writing bitcoin (BTC) is hovering around the $118,000 level, flirting with the idea of setting a new all-time high this weekend.
On Friday, Bloomberg Senior ETF Analyst Eric Balchunas noted on X that BlackRock's spot Bitcoin ETF (IBIT) had reached an important milestone at the close of trading on the previous day, becoming the fastest ETF to get to $80 billion in assets under management (AUM). The second fastest ETF to get to this level was Vanguard's S&P 500 ETF (VOO), which got there in 1,814 days.
On Friday, bitcoin set a new all-time high of $118,667.
During interviews with CNBC and Yahoo Financ e, Bitwise Asset Management CIO said his firm expects the BTC price to reach over $200,000 by the end of this year.
As for how high bitcoin could go, hedge fund manager James Lavish says that the bitcoin price is similar to the U.S. debt ceiling in that ultimately there is no limit.
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