Benzinga has identified three potential catalysts that could boost Bitcoin's value: the approval of spot Bitcoin ETFs, the Bitcoin halving event, and the perception that Bitcoin is currently undervalued. The approval of spot Bitcoin ETFs would legitimize Bitcoin as an investable asset and could lead to a significant influx of institutional money into the cryptocurrency market. The Bitcoin halving event, expected in 2024, could decrease supply and drive prices higher if demand remains strong. The perception that Bitcoin is undervalued could lead to a reassessment of its true value and adjust its price accordingly.