King of cryptocurrency Bitcoin BTC/USD could be on track to hitting the $100,000 mark, according to CoinShare’s chief strategy officer Meltem Demirors.

What Happened: Demirors’ prediction is based on expectations of potential inflows of up to $100 billion post the spot Bitcoin ETF approval.

In an interview with CNBC, Demirors expressed her excitement now that investors have an easy way to plough money into cryptocurrencies.

“Everyone was ecstatic. We’ve been idiotically pursuing this idea, this vision of creating an easy way for investors to access Bitcoin through a cost-efficient vehicle that can be traded right in a brokerage account,” Demirors said.

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