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This week, the crypto sphere saw a blast in some altcoins, such as Solana. Meanwhile, Shiba Inu (SHIB) co-founder has laid out plans to move beyond the memes. As the holiday season approaches, some altcoins have rewarded their holders. For instance, since last Friday, Worldcoin and Solana have given double-digit gains. Meanwhile, the anticipation around the spot Bitcoin (BTC) exchange-traded fund (ETF) continues to build up. Bitcoin to New All-Time Highs? On December 16, BeInCrypto reported that Jan van Eck, the CEO of VanEck, predicted that Bitcoin would hit a new all-time high by the end of 2024. He believes that Bitcoin is a store of value, similar to gold.  Not to mention, the gold price soared by 300% after the approval of its first ETF.  The fund manager, VanEck, has filed for a spot Bitcoin ETF with the US Securities and Exchange Commission (SEC). It is expected that the SEC will respond to VanEck’s filings between January 5 and January 10, 2024. However, the final deadline for the regulator is January 15, 2024.  Read more: Top 7 Platforms To Earn Bitcoin Sign-Up Bonuses in 2024 Bitcoin’s Price After Approval of Spot Bitcoin ETF The approval for the first spot Bitcoin ETF in the US is expected in January 2024. As a matter of fact, Bloomberg analysts believe that there is a 90% probability that the SEC would give a green signal to the spot Bitcoin ETF. Hence, analysts are confident about Bitcoin hitting a new all-time high. But there are various other bold predictions as well. Adam Back, the CEO of Blockstream, believes BTC could skyrocket to $100,000. Meanwhile, the on-chain analysis firm CryptoQuant told BeInCrypto that the price of Bitcoin could even surpass $160,000. Read more: How To Prepare for a Bitcoin ETF: A Step-by-Step Approach Decimated, Arbitrum,…

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Filed under: News - @ December 22, 2023 8:12 pm