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Currently, a 74% increase takes Bitcoin to over $59,000 and that doesn’t factor in “second-order effects,” says Galaxy Digital. Bitcoin’s (BTC) price will increase 74.1% in the first year after spot Bitcoin exchange-traded funds (ETFs) are launch ed in the United States, according to estimates from crypto investment firm Galaxy Digital. In an Oct. 24 blog post, Galaxy Digital research associate Charles Yu estimated the total addressable market size for Bitcoin ETFs would be $14.4 trillion in the first year after launch . He obtained the 74% figure by assessing the potential price impact of fund inflows to Bitcoin ETF products using gold ETFs as a baseline. According to Yu’s estimates, Bitcoin’s price would increase 6.2% in the first month after an ETF launch before steadily trending downward to a 3.7% monthly increase by month 12. Spot Bitcoin ETF estimated one-year inflows by month and Bitcoin price impact. Source: Galaxy Digital Research Yu used Bitcoin price data from Sept. 30, ...

Germany's blockchain sector saw a total of $355 million in venture capital funding across 34 deals, which is a 3% year-on-year increase. Germany has reached an all-time high in global venture capital funding share in 2023 despite a decline in the overall performance of the blockchain market across the globe, according to a report published by Crypto Valley Venture Capital (CVVC).  Within CVVC's report titled "The German Blockchain Report 2023," the country's blockchain sector recorded a total of $355 million invested across 34 deals. This represents a 3% year-over-year (YoY) increase in funding for the Western European country, according to the CVVC. State of German venture capital funding in 2023. Source: CVVC Apart from this, the report highlighted that Germany also experienced its record share in global funding. The country reportedly attracted 2.4% of global blockchain funding and 2.5% of global deals. Compared to 2022's figures of 0.9% in global fun...