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Bitcoin price will pass $150K if spot BTC ETFs are approved, analysts predict...
BTC will pass the $150,000 mark by the end of 2024 if the series of spot Bitcoin exchange-traded funds (ETFs) are approved in the United States, according to investment research firm Fundstrat.
Bloomberg ETF analysts Eric Balchunas and James Seyffart recently estimated that there is a 65% chance that any of these spot Bitcoin ETFs will be approved by the securities regulator. Chances are high given the filing by BlackRock, whose SEC ETF approval record is highly positive.
Other industry personalities believe that the price of Bitcoin could reach $100,000 much sooner than expected. Blockstream CEO Adam Back recently bet that Bitcoin will reach a new all-time high price around a month before the halving.
And you, what do you think about this?