Recent systemic failures within the cryptocurrency ecosystem have raised concerns among investors. However, there is optimism that these issues will be resolved, leading to a positive outlook for Bitcoin. Additionally, the potential approval of spot Bitcoin ETFs could have a significant impact on the price of Bitcoin. If these ETFs are approved, it is believed that Bitcoin could reach a price of $100,000 by the year 2024. This projection reflects the growing confidence in Bitcoin’s long-term potential and the belief that regulatory improvements will help stabilize the cryptocurrency market.
HomeDIGITAL ASSETS REGULATORYworldwide-stablecoin$100K BTC? Don’t undervalue Bitcoin ETF influence, says Adam Back