Analysts James Seyffarth and Eric Balchunas of Bloomberg now estimate the likelihood of a spot Bitcoin ETF launching before the end of 2023 to be 75%, after Grayscale’s legal victory over the SEC.
Bloomberg Senior Analyst Mike McGlone has compared Bitcoin metrics to the stock market and concluded that even if BTC dropped to $10,000, it would still keep its remarkable performance.
On August 28, HashKey, an SFC-licensed exchange platform, launched Bitcoin and Ethereum trading services for both institutional and retail clients.
Analysts at Pantera Capital claim that Bitcoin will reach $35,000 before the block reward is reduced in April 2024.
Michael van de Poppe, a trader and analyst, has estimated that the current correction could last four to six weeks, with the subsequent growth pushing the price of digital gold to around $50,000.
The approval given by the CFTC to Coinbase to open up access to trading in crypto-currency based futures symbolizes the durability of digital assets in the US.
Max Keiser, TV presenter and founder of Heisenberg Capital, has linked the decline of Bitcoin’s price in August of 2021 to the increasing yield on US Treasury bonds.
