If #BitcoinETF is approved in the US, the price of the coin will rise to $150,000-180,000 - the opinion of Fundstrat co-founder Tom Lee
How is this related? In the ideal scenario:
⏺ #SEC Approves Bitcoin Spot ETF. ⏺ A lot of funds and investors send their money to ETFs. ⏺ #ETFs buy bitcoin on the spot. ⏺ The price flies to the moon. ⏺ This was the case with gold, so the same scenario is expected from bitcoin.
There are rumors that the ETF will only be approved if the Republicans win the election in 2024. With Democrats, getting approval will be very difficult.
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