Spot Bitcoin ETFs and spot Ethereum ETFs recently approved by the Hong Kong Securities and Futures Commission (SFC) have sparked discussions within the crypto community about potential price increases. Following the ETF news from Hong Kong, Willy Woo, co-founder and analyst at CMCC Crest, made a statement regarding the potential movement of Bitcoin‘s price.
According to Woo, the new Bitcoin ETFs, based on statements from asset managers, could drive the price to a low of $91,000 and a peak of $650,000 once ETF investors fully deploy their capital. However, despite this prediction, Woo noted that it will take time for the capital inflow to complete, and he could not provide a definite timeline for when these predictions might materialize……Story continues….
By: COINTURK NEWS
Source: COINTURK NEWS – Bitcoin, Blockchain and Cryptocurrency News and Analysis
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