deVere CEO Nigel Green: “BTC will be worth $60,000 in the near future”
Last week, the US Securities and Exchange Commission (SEC) approved all 11 applications for Bitcoin spot exchange-traded funds. Nigel Green, a long-time supporter of cryptocurrencies, stated:
“This approval is a landmark moment for Bitcoin and the entire cryptocurrency market. This will increase the prices of cryptocurrencies in the long term.”
According to him, one of the main catalysts for the rise in Bitcoin prices will be the massive influx of capital that will follow the approval of the ETF. Green added that a Bitcoin ETF will help democratize access to the cryptocurrency market, allowing a wider range of investors to participate.
“On the wave of investor enthusiasm, we would not be surprised if Bitcoin reaches $60,000 this quarter and continues to rise throughout the year,” the deVere CEO said.
“As more countries embrace the idea of regulated Bitcoin ETFs, the cryptocurrency is likely to gain further recognition on the international stage, attracting a wider investor base,” Green added.
