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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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Valkyrie Investments CIO Steven McClurg predicts that a spot Bitcoin ETF could send the BTC price soaring 10x, north of $250,000 per coin, which can become a reality by Q1 2024, potentially marking a significant milestone for the crypto industry.
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Controversial BitMEX co-founder Arthur Hayes continues to predict that Bitcoin will skyrocket to $1 million in price. Hayes predicts that the crisis in the banking sector will trigger a macroeconomic turmoil that could help springboard Bitcoin to $1 million per BTC.
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Binance CEO CZ predicts Bitcoin price reaching $10,000,000 per BTC and also recently came out defending against regulators amidst ongoing FUD attack. Despite the FUD, CZ shares that Binance has only proved its strength to keep a large number of users and its significant market presence.
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Max Keiser predicts Bitcoin price soaring 100x or more, outperforming everything else and that anyone holding fiat, stocks, bonds, Gold, *all* ishcoins, property, etc - will literally be impoverished.
"So even 1% of that multi hundred trillion dollar funds available moves the needle on Bitcoin, it moves it up considerably. So if we get into the 5-10% range, then you start to really see it raise ahead to the 7 figure type predictions that people have been making including myself because it is an asset class."
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Blockstream CEO and Bitcoin advocate Adam Back says that the king crypto (BTC) can explode to a $200 trillion market cap in the next nine years, meaning a price tag of about $10 million per Bitcoin.
"early this year i was curious of the claim "bitcoin 2x's per year on average". it checks: the decade jan 2013 - dec 2022 bitcoin went up 2.036x/year (1200x in a decade). if that continues we'll cross $10mil/BTC and $200 tril market cap by end of next 2 halvenings, about 9 years."
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Bitcoin bull Tim Draper has adjusted his projected timeframe for the Bitcoin price to reach $250,000. Maintaining an optimistic outlook, Draper still expects the king crypto (BTC) to reach his $250K price target but acknowledged that it may take "a little longer."
"I'm guessing $250,000 Bitcoin. I expected it before June, but it may be delayed. We're running. It may occur. Three months before the halving, I think"
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Ark Invest CEO Cathie Wood predicts SEC's loss in Bitcoin ETF, forecasting a $25 trillion crypto market valuation incoming fueled by institutional bidding.
In February, Cathie Wood made headlines when she raised her firm's 2030 price target for Bitcoin from $1 million to an eye-popping $1.48 million. Now, six months later, she's doubling down on that price forecast, more convinced than ever that the king crypto (BTC) is on a trajectory to $1 million and beyond.
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$4.5 trillion investment giant Fidelity predicts Bitcoin to reach $1,000,000,000 per coin, and admits to have began mining and accumulating BTC since 2014. The race for a spot Bitcoin ETF in the USA is in the works, with the SEC's first deadlines to approve 7 Bitcoin ETFs coming over the next week.
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Early Bitcoin adopter Max Keiser, says just 1% of major institutions such as Blackrock allocating into BTC, will cause the Bitcoin price to skyrocket to $1,000,000 per coin.
"So even 1% of that multi hundred trillion dollar funds available moves the needle on Bitcoin, it moves it up considerably. So if we get into the 5-10% range, then you start to really see it raise ahead to the 7 figure type predictions that people have been making including myself because it is an asset class."
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