- Plan B questions the discrepancy between the putative 90% approval odds for a spot Bitcoin ETF and Bitcoin’s current value.
- Plan B directed the question at Eric Balchunas, a senior ETF analyst at Bloomberg.
- Balchunas argues the odds of a spot Bitcoin ETF being approved by Jan 10 are 90%.
X user Plan B, known as the creator of the Bitcoin Stock to Flow model, has raised a salient question about the current state of Bitcoin’s price.
Something doesn't add up. If odds are 90% that a spot bitcoin ETF will be approved, and that when approved bitcoin price will pump through $100k .. then BTC price should be $90k TODAY. So what gives? https://t.co/uC1Ve5cyYJ— PlanB (@100trillionUSD) November 30, 2023
The tweet, directed at Eric Balchunas, senior ETF analyst at Bloomberg, suggests a misalignment between the anticipated approval odds of a spot Bitcoin ETF and the current market value of the leading cryptocurrency.
“Something doesn’t add up. If odds are 90% that a spot Bitcoin ETF will be approved, and that when approved, Bitcoin price will pump through $100k… then BTC price should be $90k TODAY. So what gives?” questioned Plan B.
This question has ignited …
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