A significant factor behind Teng's revised predictions is the early approval of Bitcoin exchange-traded funds (ETFs) this year, which he initially did not expect until late 2024 or 2025. The approval and launch of these ETFs have attracted a substantial institutional investment to the market, introducing new liquidity. This flow of funds has not only boosted Bitcoin, but is also expected to improve liquidity for Ethereum (ETH), following the recent approval of a #Ethereum ETF.
