Comments regarding the approval of spot Bitcoin ETFs also paved the way for bold predictions.
Samson Mow, CEO of Bitcoin adoption company Jan3, suggested in his statement on X that those who keep their expectations low may face a surprise:
“It has come to my attention that there are some Bitcoin enthusiasts who do not think Bitcoin can reach $1,000,000 in a few days/weeks after ETF money starts flowing.
“They will be in for a pleasant surprise.”
It has come to my attention that there are some #Bitcoiners that don’t think #Bitcoin can reach $1,000,000 in a matter of days/weeks after ETF money starts to flow in. They’re in for a pleasant surprise.
— Samson Mow (@Excellion) November 23, 2023
The ETF conundrum continues
The US Securities and Exchange Commission (SEC) has not yet made a decision regarding spot Bitcoin ETFs.
It is estimated that the regulator, which postponed its decision on the applications of many companies such as BlackRock, Fidelity, Bitwise, WisdomTree, Ark Investments, will approve the spot Bitcoin ETF at the beginning of 2024.
Bloomberg’s ETF analyst James Seyffart stated that there is a 90 percent chance of approval for the spot Bitcoin ETF by January 10, 2024.
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