- Several prominent financial institutions have shared predictions for Bitcoin’s price if the Bitcoin Spot ETF applications are approved.
- These predictions range from a low of $42,000 to a high of $250,000.
- The highest prediction claimed that Bitcoin could reach $250,000 in the next cycle.
The whole crypto community is anticipating the approval of the Bitcoin Spot ETF applications, and some companies shared their predictions about the price of Bitcoin if the applications were approved. CoinMarketCap shared the forecasts of five different finance companies that believe that the bitcoin price could reach new highs.
#CMCInsights: #Bitcoin Price Prediction Following Potential #ETF ApprovalWe know everyone’s excited for a spot #BitcoinETF approval!
Here are some #BTC’s price predictions if ETF applications are approved! pic.twitter.com/29Dj0ZChaB
— CoinMarketCap (@CoinMarketCap) October 25, 2023
Starting from the lowest price prediction, Matrixport, a crypto financial services platform, shared that Bitcoin’s price following ETF approval would be between $42K-$56K. Matrixport shared on X that with the approval of a Bitcoin ETF, “Bitcoin’s price could …
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