Bitcoin ETFs: The gateway to mainstream crypto adoption
The U.S. Securities and Exchange Commission's (SEC) approval of 11 Bitcoin Exchange Traded Funds (ETFs) is a historic moment that introduces a new asset class to global financial markets. This decision is expected to simplify access to Bitcoin investments through traditional channels, lowering barriers to entry for investors. Analysts predict a significant increase in demand for Bitcoin, with price targets ranging from $100,000 to $150,000 in the short term and a long-term potential of $500,000 within 3 to 5 years.