Bitcoin currently trades at $67.500 on Monday, after hitting an all-time record high of $73,737 in the past week. This price surge is due to the U.S. Securities and Exchange Commission’s (SEC) approval of the Spot Bitcoin Exchange Traded Fund in January this year. Trillion-dollar-worth asset managers like BlackRock, Greyscale, and Fidelity, among others, provided BTC ETF services to their clients.
You may also like: India Ditches BRICS Countries, Buys More U.S. Oil
Ten years ago, this would not have even been a thought. financial The Bitcoin movement is a phenomenon that institutions are eager to participate in. In 2024, after years of bashing the blockchain, the government entered the cryptocurrency industry. The retailers as well financial Now, institutions want to take a larger piece of BTC’s pie.
Bitcoin’s Future 10 Years will Be different
In 2024 the BTC mainstream acceptance is expected to be greater than in 2019. next 10 years. Bitcoin would be attractive to many more investors and accepted as a value store. This would allow BTC’s price to grow sustainably and to give holders new profits and highs.
You may also like: BRICS ‘Ready To Work’ With All Countries To Ditch US Dollar
SkyBridge Capital is a founder. Anthony Scaramucci Similar sentiments were also expressed, highlighting that next BTC is the decade of BTC. “So in the next 10 years, I see it like a big python where Bitcoin is going to get absorbed into the python. There will be a big bump up in Bitcoin demand and that’s coming inside of the next decade,” He said.
You may also like: Another New Country Expresses Interest To Join BRICS Alliance
Michael Novogratz (a cryptocurrency billionaire) and Cathie W. Wood, a crypto-tycoon believe BTC can reach $1 million within 10 years. It comes as youngsters accumulate BTC using dollar cost averaging. The BTC they accumulate will allow them to be prepared for the first cryptocurrency boom. next Bull run
“This article is not financial advice.”
“Always do your own research before making any type of investment.”
“ItsDailyCrypto is not responsible for any activities you perform outside ItsDailyCrypto.”
Source: watcher.guru