As the crypto industry braces for the potential approval of Bitcoin ETFs, the financial community is abuzz with predictions and analyses.

The impending decision by the SEC has ignited discussions, drawing a line between Bitcoin as a speculative investment and a legitimate payment method. The outcomes of this decision could be a defining moment for Bitcoin’s future.

A short stretch beyond $50k

Some analysts predict that Bitcoin’s bull run post-ETF approval will be significant, but it might not be as extravagant as new all-time highs, as predicted by others. Mister Crypto, a notable analyst on X, sees a 5% to 10% surge in Bitcoin’s value following the Spot Bitcoin ETF’s approval. This uptick could propel Bitcoin beyond the $48,000 threshold and slowly build up towards its previous all-time high. Yet, this short-term forecast is tethered to various contingencies, including the ETF’s implementation pace and the actual market demand for the ETF. Potential sell-offs in Grayscale Bitcoin Trust (GBTC) could also significantly influence this rally.

In a recent interview with CNBC, Ledger CEO Pascal Gauthier expressed a hopeful sentiment for 2024 and 2025, viewing them as the runway for a forthcoming bull run. This optimism is echoed by industry insiders and commentators, who predict a wide range of Bitcoin values for 2024, stretching from $60,000 to an ambitious $500,000. These forecasts are buoyed by two significant factors: the anticipated “halving” of Bitcoin and the potential ETF approval in the U.S.

A potential leap beyond the much anticipated $100k? 

James Mullarney, a popular crypto analyst YouTuber with over 450K subscribers, provided a more mathematical prediction of Bitcoin. Mullarney combined the 13 different Bitcoin prediction models from industry experts and financial firms in his recent analysis. His analysis predicted that BTC could be

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Author: Mohammad Shahidullah

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