#Bitcoin has the potential to reach $200k+ by 2025, especially if Blackrock's BTC spot ETF gets the green light!
Here are 6 strong reasons why it will be accepted:
1. Blackrock has an impressive success rate of 99.8% with ETF approval. Historically, only one person has faced rejection!
2. During the financial turmoil of 2008, the US government and Federal Reserve consulted with Blackrock, highlighting their confidence in the world's leading asset manager.
3. Blackrock CEO has shown increasing optimism towards Bitcoin, often likening it to “digital gold” and advocating its role in portfolio diversification.
4. Blackrock haven't been waiting on the sidelines; they have introduced a private Bitcoin ETF for their institutional clients.
5. Bitcoin Spot ETFs have been successfully launched in regions such as Europe and Canada. 6. It's worth mentioning that other elite asset managers, such as Vanguard and Fidelity, are also in the queue for spot Bitcoin ETF applications this cycle.
•Don't forget to follow Bang Bray for the latest news updates•
