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Bitcoin‘s (CRYPTO: BTC) price could be hovering around $20,000 without the support of exchange-traded funds (ETFs), according to Eric Balchunas, Senior ETF Analyst at Bloomberg.

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Bitcoin Could Be At $20,000 In This Market, ETFs Are 'A Godsend

For Bitcoin 's (BTC -0.52%) price to move by around $20,000, it would need to gain roughly 21% based on its current price of $95,000. Although that type of gain won't

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