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Coin Bureau: BTC will rise

Said on Mar 6, 2024, at 3:09 in the video.

What was said
Coin Bureau

@coinbureau

“it's probably going to take a few months for most trafi institutions in the United States to offer the spot Bitcoin ETFs to their clients the consequence of this is that there will be a constant growing stream of capital entering these ETFs for the foreseeable future and of course that will be positive for BTC”
Watch at 3:09Crypto Market Update: What’s Next For BITCOIN & Altcoins?!
PredictionBTCwill riseChecked at fixed windows, from 30 days to 5 years
What happenedafter 1 year
Correct

Entry price (first close after the video)

$66,074

Mar 6, 2024

Price at close

$89,932

Mar 6, 2025

Return

+36.1%

S&P 500 +13.8%

BTC closed at $66,074 on Mar 6, 2024. On Mar 6, 2025 it closed at $89,932, a return of +36.1%. SPY returned +13.8% over the same window. The call was that it would rise.

30 days

Correct

90 days

Correct

180 days

Incorrect

1 year

Correct

Details and evidenceReport a problem

The window it was checked over

BTCWindow checked
$20,000$40,000$60,000$80,000$100,000$120,000Sep 2023Jan 2024May 2024Sep 2024Jan 2025May 2025Said on Mar 6, 2024
$20,000$40,000$60,000$80,000$100,000$120,000Sep 2023Mar 2024Oct 2024May 2025Said on Mar 6, 2024

BTC closing prices, adjusted for splits. The shaded span is the one-year window: it starts at the first close after the video went public and ends at the last close on or before one year after the day the video was published.

Result at every window

All windows are shown, so none is picked
Result at every window
WindowResultAt the startAt the endChangeBenchmark
30 daysR-DIR v4Correct$66,074Mar 6, 2024$67,821Apr 5, 2024+2.6%S&P 500 +2.0%
90 daysR-DIR v4Correct$66,074Mar 6, 2024$70,538Jun 4, 2024+6.8%S&P 500 +4.0%
180 daysR-DIR v4Incorrect$66,074Mar 6, 2024$59,132Sep 2, 2024−10.5%S&P 500 +11.3%
1 yearR-DIR v4Correct$66,074Mar 6, 2024$89,932Mar 6, 2025+36.1%S&P 500 +13.8%
3 yearsR-DIR v4Pending——Mar 6, 2027——
5 yearsR-DIR v4Pending——Mar 5, 2029——
Why: 30 days

BTC closed at $66,074 on Mar 6, 2024. On Apr 5, 2024 it closed at $67,821, a return of +2.6%. SPY returned +2.0% over the same window. The call was that it would rise.

Why: 90 days

BTC closed at $66,074 on Mar 6, 2024. On Jun 4, 2024 it closed at $70,538, a return of +6.8%. SPY returned +4.0% over the same window. The call was that it would rise.

Why: 180 days

BTC closed at $66,074 on Mar 6, 2024. On Sep 2, 2024 it closed at $59,132, a return of −10.5%. SPY returned +11.3% over the same window. The call was that it would rise.

Why: 1 year

BTC closed at $66,074 on Mar 6, 2024. On Mar 6, 2025 it closed at $89,932, a return of +36.1%. SPY returned +13.8% over the same window. The call was that it would rise.

Why: 3 years

Not yet resolved. The window closes Mar 6, 2027.

Why: 5 years

Not yet resolved. The window closes Mar 5, 2029.

What was said around it

believe it or not but BTC could continue to go up only indefinitely and this is for three reasons the first is that it takes time for tradire whales to begin offering the spot Bitcoin ETFs to their clients for example Bank of America and Wells Fargo only began offering the spot Bitcoin ETFs to their clients last week I'll quickly note here that it's the clients of these institutions who are buying not the institutions themselves regardless it's probably going to take a few months for most trafi institutions in the United States to offer the spot Bitcoin ETFs to their clients the consequence of this is that there will be a constant growing stream of capital entering these ETFs for the foreseeable future and of course that will be positive for BTC and this ties into the second reason why BTC could continue to go up only and that's passive flows now if you've been keeping up with our weekly crypto reviews you'll know that most trafi investing is done in a passive manner put simply trafi institutions will automatically buy assets as part of their allocations as such it's likely that some trafi institutions will include the spot Bitcoin ETFs as part of their automated allocations now that

What a person said is shown in their own words and is never translated. The link goes to the exact second in the video.

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