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Home Cryptocurrency Bitcoin

ETF approval could push Bitcoin to $60,000 soon

The US SEC's approval of 11 Bitcoin ETFs could lead to a surge in Bitcoin's value, with CEO Nigel Green predicting a $60,000 price by March 2024.

by John Darbie
Thu, Jan 11, 2024 4:10pm
in Bitcoin
• 2 mins read
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ETF approval could push Bitcoin to ,000 soon | FinOracle

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SEC Approves 11 Bitcoin ETFs: Landmark Moment for Crypto Market

The financial world witnessed a groundbreaking event this week as the US Securities and Exchange Commission (SEC) approved 11 spot Bitcoin exchange-traded funds (ETFs). Nigel Green, CEO of the deVere Group and a long-term advocate of cryptocurrencies, believes that this development will have far-reaching consequences for the market. Green predicts that Bitcoin’s value could surge to $60,000 by the end of March 2024, bolstered by the SEC’s approval.

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Tags: AIARBarriers to entryBitcoinBitcoin ETFCESCryptoCryptocurrencyCurrencyDemandDemocratizationETFETHExchange-traded fundInstitutional investorInvestmentInvestorMarketNigel GreenOpportunitiesPotentialPredictionsPriceSECTradeUS
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