Matrixport Predicts Bitcoin Spot ETF Approval by SEC in January!

The post Matrixport Predicts Bitcoin Spot ETF Approval by SEC in January! appeared first on Coinpedia Fintech News

Matrixport predicts that the SEC will approve Bitcoin Spot ETFs in January, which could push Bitcoin prices above $50,000 by the end of January 2024. The company notes that historical instances, such as the launch of Bitcoin futures in 2017, have seen significant price escalation before the event. Matrixport expects Bitcoin to break out and potentially rise by up to 22% between Christmas and New Year, with TV commercials from multiple ETF applicants already being rolled out. The company believes that Bitcoin has a high chance of breaking higher during Christmas and predicts that it will reach $50,000 if the ETFs are approved by then.

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