Katalin Tischhauser, head of investment research at Swiss crypto bank Sygnum, released a new research report predicting that every $1 billion invested in the US strategic bitcoin reserve will increase the bitcoin market value by about $20 billion through the multiplier effect. The report pointed out that due to the limited supply of bitcoin liquidity, the new demand will trigger a significant upward price shock, of which 19 billion US dollars of growth will come from demand shock and limited supply squeeze effect. Tischhauser said that the first and second rounds of 1 billion US dollars inflows will mainly absorb existing demand, while the third and fourth rounds of capital inflows will face a more restricted supply environment, thus accelerating the price increase.