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Industry Experts Share Bitcoin Price Prediction: From $100,000 to $1.5 Million

Press Releases Crypto News BeInCrypto Industry Experts Share Bitcoin Price Prediction: From $100,000 to $1.5 Million

Bitcoin has become a focal point of investment discussions in the traditional and cryptocurrency markets. Speculation is rife with the US Securities and Exchange Commission (SEC) recently approving several spot Bitcoin ETFs (exchange-traded funds).

Industry leaders are trying to map Bitcoin’s price trajectory, with predictions ranging from $100,000 to a staggering $1.5 million.

Experts Reveal Bitcoin Price Prediction

The spot Bitcoin ETF approvals mark a significant milestone, offering a more mainstream investment avenue for Bitcoin. It could potentially widen Bitcoin’s investor base, especially among institutions. Despite a tepid Bitcoin price response post-approval, trading below $45,000, the general sentiment among experts and investors points towards a bullish future.

Anthony Scaramucci, CEO of SkyBridge Capital, noted the ETF’s approval as a “big breakthrough for Bitcoin.” He projected a price peak of $100,000 within a year. His comparison of Bitcoin’s ETF approval to the 2004 green lighting of the first spot gold ETF provides a historical perspective, suggesting a potential long-term value surge.

However, Scaramucci’s cautious tone, acknowledging past prediction errors, reflects cryptocurrency markets’ volatile and unpredictable nature.

“I think Bitcoin will probably see its all-time high at the end of the year, and is likely to go through its all-time high by the end of the year… Could Bitcoin be $100,000, which is more or a little bit more than a double over the next year? I do believe that… But I have been wrong so many times before,” Scaramucci said.

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Author: Bary Rahma

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