BTC’s price soared to $35K earlier this week, reaching levels not seen in a long time. The reason for it was that the website of the Depository Trust and Clearing Corporation (DTCC) suddenly showed a listing of a spot Bitcoin ETF carrying the ticker symbol iBTC. The listing of this ticker itself doesn’t mean a lot, but market participants are taking it as a sign that the approval chance for a spot BTC ETF grew higher. Now, a very popular crypto analyst – took the opportunity to speculate on the potential upside for BTC in the next years, assuming an approved BTC ETF.
Source: George Georgiev, 2023-10-30; https://cryptopotato.com/bitcoin-btc-price-prediction-how-high-can-btc-go-if-etf-is-approved/