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“Full Speed Ahead! Before the Securities and Exchange Commission (SEC) gave its nod to the spot Bitcoin ETF, Max Keiser discerned a game-changing moment. Wall Street witnessed a unique twist as brokers and major banks imposed restrictions on customers eyeing spot Bitcoin exchange-traded funds. Keiser believes this became a catalyst propelling Bitcoin to scale new peaks. The subsequent SEC approval then played its part, pushing the cryptocurrency needle just beyond the $49,000 mark.”
Renowned Bitcoin advocate Max Keiser has made a bold prediction, stating that Bitcoin will reach a staggering $220,000. Keiser believes that the recent approval of the spot Bitcoin ETF by the SEC has played a major role in pushing the cryptocurrency to new highs. Despite a recent 16% downturn since the peak triggered by the ETF approval, Keiser remains optimistic about Bitcoin’s future.
Samson Mow and Gabor Gurbacs from VanEck, a spot Bitcoin ETF issuer, also share this optimism. They point out that financial giants like BlackRock and Fidelity hold a significant amount of Bitcoin, indicating the growing influence of institutional investors in the crypto market.
Bitcoin’s price currently sits at $41,330, experiencing a slight dip in the last 24 hours. However, Keiser remains steadfast in his prediction that the price will ultimately reach $220,000. The crypto community anxiously awaits to see if his bullish prediction will come true.
