ETF Flows are still 2x the flows from MSTR and other Bitcoin Treasury companies. If nothing changes, these together will generate 50Billion in new demand for BTC. "$1B in inflows → $1,000–$1,300 increase in BTC price, assuming average liquidity conditions." (ChatGPT and my own analysis). So nothing changes, we get to $170K. Taking into account strength of Q4 historically, we should easily get to 200K.

I don't see this changing much into Q1, Q2 -- this could get us to 300K by this time next year.

I think we can realistically say the Bloomberg boys were way off in their assessment of the Bitcoin ETF complex.