Experts Share Crypto Predictions Ahead of Future of Digital Assets Conference
Portfolio Pulse from Stjepan Kalinic
Experts predict a bullish trend for Bitcoin (CRYPTO: BTC) with the expected approval of the long-awaited spot Bitcoin ETF. Kevin O'Leary, a keynote speaker at Benzinga’s Fintech Deal Day & Awards, targets Bitcoin at a hundred thousand dollars, but emphasizes the need for institutional ownership. Alex Krüger, co-founder of Asgard Markets, expects a +20% day move when the ETF is approved. Matt Hougan, CIO of Bitwise Asset Management, predicts U.S.-listed spot bitcoin ETFs will gather $55 billion of net inflows over the next five years.
October 29, 2023 | 9:19 pm
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Bitcoin is expected to see a bullish trend with the anticipated approval of the spot Bitcoin ETF. Experts predict a significant price increase, with some targeting a hundred thousand dollars.
The approval of the spot Bitcoin ETF is a significant event that could lead to increased institutional participation in the Bitcoin market. This could drive up the price of Bitcoin, hence the positive score. The relevance and importance are high due to the direct impact on Bitcoin, and the confidence is relatively high based on the expert predictions.
CONFIDENCE 80
IMPORTANCE 90
RELEVANCE 100