With the recent official statement from the US Securities and Exchange Commission (SEC), It was announced that ETF transactions had been approved.

With this statement, for Bitcoin futures transactions trading in funds became legal. This brings to mind the question everyone is asking: what will the future price of Bitcoin be?

Previously it took place every four years and will be repeated in April 2024 halve Following this, we wrote a content in which we investigated whether the price of Bitcoin would reach the level of 50,000 dollars. Price of Bitcoin at the moment (11.01.2024) $46,594 It remains at the same level.

What impact will the halving and approval of ETF trades have on prices? price of bitcoin Can it reach $100,000? Let’s see what analysts say.

There was a 158% upside trend in Bitcoin prices in 2023.

After the sharp decline in 2022, Bitcoin has entered a rapid upward trend in 2023, which will continue in the first days of 2024. It looks like it will continue to rise.

The approval of ETF transactions by the SEC also created a positive attitude among investors.

On this topic, Ben Weiss, co-founder of CoinFlip, said that ETF approval will attract major investors to the cryptocurrency market. “ETF approvals and the upcoming halving could make 2024 a record year for cryptocurrencies. Therefore, I would not be surprised if Bitcoin reaches a six-figure level.” he said.

The April halving and the adoption of ETFs will be the main factors influencing the price.

As we mentioned in our previous content, Bitcoin prices rise after every halving. There was an increase of approximately 200%.

While it is thought that this situation alone will impact the Bitcoin price quite strongly, the approval of ETF trades has led to analysts being more confident about the price level. to act optimistically It causes.

The developments in the Bitcoin market attract the attention of major investors, which also increases demand.

Major players in the global financial market have access to their customers’ portfolios. Bitcoin-based financial products It appears to be included.

BlackRock, Franklin Templeton, Fidelity, VanEck and Cathie Woods ARK Invest Major investment firms like this one are among those incorporating cryptocurrencies into their portfolios.

The major players mentioned include, in addition to ETF approval, also financial products within the crypto market, which are the main price-determining factor. that demand is increasing to point.

In light of these developments, the prevailing view is that Bitcoin will reach or even surpass the highest levels it has reached.

You know that the highest price value that Bitcoin reaches is It was $69,045.00.

Paolo Ardoino, CTO of Tether, says Bitcoin is coming again will test this level say.

Marshall Beard, CSO of Gemini Exchange, also says Bitcoin will test this level, similar to Ardonio. Moreover, Beard said that after Bitcoin reached this level It could also reach the $100,000 level states.

Some analysts predict that Bitcoin could increase its value by more than 300 percent by the end of next year.

Standard Chartered says Bitcoin will launch in late 2024 It is possible to reach the $100,000 level states.

In addition, Geoff Kendrick, head of Cryptocurrency and Exchange Rate Research at Standard Chartered bank, published research “If developments around the ETF occur as we expect, we believe the price level could be close to $200,000 by the end of 2025,” he said in his note. He added his statements.

There are also more optimistic views, such as Bitcoin reaching $1,000,000.

Samson Mow, CEO of JAN3 The price of Bitcoin will cross the $1 million mark in five years he thinks.

Balaji Srinivasan, former CTO of Coinbase, said Bitcoin is not fair He stated that it would be $1 million within 90 days.. The reason for this is the hyperinflation prevailing in the world.

Several cryptocurrency experts believe that Bitcoin is based on the views we mentioned above. It is possible to reach $1 million, but it is unrealistic to reach this level in 90 days. think.

In summary, while experts agree that prices will rise, their opinions on the amount differ.

This content, where we have collected opinions on the future value of Bitcoin, We certainly do not write it as investment advice. and always before making an investment decision You should do your own research Let’s end with a reminder.

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