Bitcoin to $100K? BlackRock’s $5B ETF Shift Pulls More BTC Into Wall Street
Bitcoin to $100K? BlackRock’s $5B ETF Shift Pulls More BTC Into Wall Street
BlackRock markets IBIT partly on its ability to reduce the operational difficulties associated with holding Bitcoin directly. The fund had more than $60 billion in net assets as of Aug. 25.
Could BlackRock's Bitcoin Shift Help BTC Reach $100K?
Industry commentators have presented BlackRock's $5 billion milestone as evidence that Bitcoin whales are moving deeper into Wall Street without liquidating their exposure. Coin Bureau described the development as a route through which major holders could enter IBIT "without selling a single coin."
Meanwhile, Bloomberg ETF analyst Eric Balchunas highlighted the $5 billion total and BlackRock's lower conversion threshold. Balchunas also pointed to a broader change in ETF trading. He said State Street's SPDR Gold Shares (GLD) and BlackRock's IBIT had returned to the 10 most-traded US ETFs, ranking third and seventh, respectively. This pushed some semiconductor funds down the list after they dominated during the summer. He described the move as another indication that the "debasement trade" was beginning to replace some of the market's AI enthusiasm.
GLD is not a BlackRock product. State Street operates it, while BlackRock's principal gold ETF is the iShares Gold Trust (IAU).
Could Bitcoin's Q4 Record Push It to $100K?
Beyond BlackRock's Bitcoin ETF push, Motley Fool analyst Dominic Basulto has outlined two additional catalysts that could send Bitcoin back above $100,000 before the end of 2026. In a recent analysis, Basulto pointed first to Bitcoin's historically strong fourth-quarter performance. Data dating back to 2013 show that Bitcoin has returned an average of 77% in the final three months of the year.
If Bitcoin entered October near $70,000 and matched that median return, it would finish the year at approximately $103,600. From its current price near $79,000, BTC needs a roughly 27% gain to reclaim $100,000. However, the historical figures offer no guarantee that the pattern will repeat. Bitcoin fell 23% during the fourth quarter of 2025, one of its weakest year-end performances on record.
Basulto's second potential catalyst involves capital rotating away from AI investments. Citing longtime crypto investor Arthur Hayes, the analyst argued that the bursting of an AI bubble could redirect investor attention and money toward Bitcoin. That theory broadly supports Eric Balchunas' observation that the gold-and-Bitcoin "debasement trade" is beginning to challenge AI-focused investments.
Ran Neuner Says Bitcoin Rally Could Go Higher
In a Crypto Banter video, Neuner argued that Bitcoin's rally had begun as a short squeeze but was developing into a more sustainable advance. The analyst said open interest and leverage had fallen after bearish positions were liquidated.
The analyst cited historical performance following Bitcoin weekly candles of at least 20%. According to the figures shown during the broadcast, BTC rose by an average of 3.5% after one day, 8.3% after seven days, and 36.5% after eight weeks. Applying that final figure mechanically to a Bitcoin price of roughly $79,000 would produce a price near $108,000. However, Neuner did not issue a direct $100,000 forecast.
Neuner instead highlighted Bitcoin's move above its 200-day moving average, a bullish moving average convergence divergence (MACD) crossover. Neuner also linked the wider "debasement trade" to Treasury Secretary Scott Bessent's discussion of using the Treasury General Account to support additional long-dated bond buybacks. He said the prospect of greater liquidity and a weaker dollar will dramatically help both Bitcoin and gold.
This article has been published in ccn.com via Yahoo News.
Bitcoin to $100K? BlackRock’s $5B ETF Shift Pulls More BTC Into Wall Street
BlackRock’s IBIT has processed more than $5 billion of direct Bitcoin-to-ETF conversions after lowering the minimum transaction size from $25 million to $1 million. Separate ...
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