Institutional Analyst Predicts Bitcoin Price Reaction After Spot ETF Approval and HalvingđČ
đ Institutional adoption of Bitcoin is on the rise, driving the market's recent surge. Analysts predict a U.S.-listed spot ETF for Bitcoin is weeks away. Daniel O'Prey, Bakkt CPO, shares insights on the impact: recovery in individual investor market, increased comfort for institutions, and potential spot ETF approval. He notes, "Many companies will bring more capital as the infrastructure matures." While some expect a spot ETF approval in January, O'Prey is cautious, saying, "Predictions are misleading, but I think it will happen at some point next year." He anticipates a post-launch surge but remains confident in a positive medium to long-term impact. Stay tuned for potential game-changing developments in the crypto space! #cryptosignal #BitcoinETFs! #ETFApproval2024 #BTC45k
