Experts Predict a Date for Bitcoin (BTC) To Reach $100K and It Is Sooner Than What People Expected
The post Experts Predict a Date for Bitcoin (BTC) To Reach $100K and It Is Sooner Than What People Expected appeared on BitcoinEthereumNews.com.
In recent weeks, the cryptocurrency market has witnessed a resurgence in capital inflow, igniting renewed enthusiasm among investors. The surge in trading volumes and the attainment of annual highs by major cryptocurrencies have contributed to this newfound optimism.The focal point of this resurgence revolves around the anticipation of a spot Bitcoin Exchange Traded Fund (ETF) receiving approval from the U.S. Securities and Exchange Commission (SEC). While previous discussions centered on whether such approval would materialize, a shift in the SEC’s stance has now led to speculations about when, rather than if, the market can expect this approval. >>>> Click Here To Buy RETIK Tokens <<<< Bitcoin ETF and Institutional Interest The potential approval of a spot Bitcoin ETF is poised to exert a significant impact on the crypto market. Matrixport, in a recent report, emphasized this point, asserting that the next crypto bull market would be propelled by heightened institutional interest in the space.Prominent institutional players like BlackRock, the world’s largest asset manager, have submitted filings to launch spot Bitcoin ETFs. Matrixport has estimated that if approved, these ETFs could drive Bitcoin’s price up to $125,000 by December 2024.Echoing similar sentiments, experts at Standard Chartered Bank have reaffirmed their confidence in Bitcoin reaching $100,000 by the close of 2024. The bank, like Matrixport, believes that the catalyst for this anticipated bull run will be the swift arrival of spot Bitcoin ETFs, which they predict will happen sooner than initially expected.Additionally, Standard Chartered predicts that Ethereum will also stand to benefit from this price surge, as evidenced by the growing interest in Ethereum ETF filings. Furthermore, the bank anticipates that the next Bitcoin “halving” event, scheduled for late April 2024, will serve as a driver for a surge in Bitcoin’s price. >>>> Click Here To Buy RETIK Tokens <<<< Matrixport’s Perspective…
Filed under: News - @ December 27, 2023 6:14 pm