Manage episode 377739028 series 2835096
The number of regulatory requests to offer a spot Bitcoin ETF (exchange-traded fund) coming from a range of institutional financial firms such as BlackRock and Fidelity has led to bullish BTC price speculation and remarkable excitement from the crypto market.
Approval of a spot Bitcoin ETF could unlock $30 trillion from U.S. financial advisors, says Bloomberg analyst Eric Balchunas. BlackRock who recently filed for a spot Bitcoin ETF in the United States, has a track record of 575:1 of getting ETF's approved by the SEC. If approved cryptocurrency experts predict this move could trigger a 60x BTC explosion to $1,500,000 per BTC.
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