🪙Bitcoin price target will be $50,000 once BlackRock $BTC Spot ETF is approved.

That's why:

First, the ex-BlackRock director said he expects the Bitcoin spot ETF to be approved in the next 3-6 months. Once an ETF is approved, other ETFs will receive approval almost immediately

Projected inflows into these ETFs are estimated at approximately $200 billion in the first 6 to 12 months.