Bitcoin ETF approval is one of the most anticipated events in the crypto world, and it could send Bitcoin’s price soaring to $200,000. Here’s why.
Massive Influx of Retail Investors
A Bitcoin ETF will make it easier for retail investors to get exposure to Bitcoin without having to directly buy and store it. This could lead to a massive influx of new capital into the Bitcoin market.
Institutional Investors Will Follow
Many institutional investors are waiting on the sidelines for an ETF approval to enter the Bitcoin market. Once this happens, it’s likely that large sums of institutional money will flood into BTC, pushing prices higher.
Reduced Market Volatility
An ETF could reduce Bitcoin’s market volatility by increasing liquidity and stabilizing its price swings. With stable market conditions, Bitcoin could reach unprecedented heights.