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With ETF Approval Odds At 90%, Major Bank Says Bitcoin Price Hits $100,000 in 2024
A leading analyst with Bloomberg has confirmed that there is still a 90% likelihood that at least one highly-anticipated spot bitcoin exchange-traded fund (ETF) product is approved for the U.S. by January 10, 2024. And as investor enthusiasm around such a product continues to build, British multinational bank Standard Chartered has doubled down on its prediction that the bitcoin price will reach $100,000 on its heels. Perspective: The growing likelihood of spot bitcoin ETF approval is driving increasingly-enthusiastic price predictions from institutions, making it clear that bitcoin is now seen as a uniquely valuable ... (full story)