Bitcoin ETFs Are Coming Off Their Best 3-Week Stretch of the Year. What's Next for Bitcoin?
ETF inflows have returned, but Bitcoin still faces an uphill battle to end the year above $100,000.
Overview
With Bitcoin (CRYPTO: BTC) up 25% in August, it's perhaps no surprise that new money is once again flowing into the Bitcoin ETFs. Money always follows performance.
In fact, Bitcoin recently wrapped up its best 3-week stretch of the year, pulling in $3.8 billion from investors. So where does Bitcoin go from here? Here are two possible scenarios.
Details
It's easy to lay out a bull-case scenario for Bitcoin, which has historically performed best in the final months of the year. As long as Bitcoin continues to push higher in the coming weeks, money will continue to pour into the spot Bitcoin ETFs, providing a nice floor under the price of Bitcoin.
Source
Originally published at www.fool.com.