Here’s Real Catalyst for BTC’s Potential 6,000% Rise — Analyst By U.Today

From Investing.com:

In anticipation of the United States SEC decision about Bitcoin ETFs, the crypto market is eagerly awaiting the potential approval, which could see 13 companies, including BlackRock, offering ETFs. Bitcoin’s price grew in 2023 on optimism of spot ETF approval and now trades at about $43,622. Conversely, negative reports have resulted in price declines, highlighting the impact of the SEC’s decision this coming week. Analysts indicate a potential 6,000% rise due to the upcoming Bitcoin halving event, suggesting a bullish year ahead. The date for the halving event is anticipated to be April 23, 2024, impacting Bitcoin miners who currently receive 6.25 Bitcoins for each successfully mined block. The event will result in the reward being halved to 3.125 Bitcoin.
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