The price of Bitcoin will definitely skyrocket as the first ETFs appear
The US Securities and Exchange Commission's (SEC) approval for the launch of spot Bitcoin exchange-traded funds (ETFs) will legitimize BTC as an asset class, experts say. And they admit that in January Bitcoin is quite capable of trading above $50,000. And the main drivers of growth, in addition to SEC approval, will be the shortage of BTC supply in the market and the spring halving.
Matrixport analysts recalled: the average return on investment in BTC in the years of past halvings (2020, 2016 and 2012) was 192%. Therefore, the price could reach $125,000 as early as July, experts repeat their bold forecast from the beginning of December.
