Crypto analyst says why Bitcoin will go $200K, if the BlackRock Spot ETF get’s approved

As per Crypto influencer cryptorover there are speculations that if the BlackRock Spot ETF is approved, Bitcoin could reach a price of $200,000 or more.
There are several reasons why this approval is seen as likely

• Firstly, BlackRock has a high rate of ETF approval, with only one rejection in its history.
• Secondly, during the 2008 financial crisis, the U.S. government and Federal Reserve sought BlackRock’s expertise, showing a level of trust in the company.
• Thirdly, the CEO of BlackRock has shown support for Bitcoin, calling it a “digital gold” and highlighting its potential diversification benefits.

I think #Bitcoin will go to $200,000+ if the BlackRock Spot ETF get's approved!

And here are 6 compelling reasons why the approval is imminent:

1. BlackRock has an impressive ETF approval rate of 99.8%, with only one rejection throughout its history.

2. During the 2008… pic.twitter.com/lg8Jflvtvi

— Crypto Rover (@rovercrc) September 24, 2023

Additionally, BlackRock has previously introduced a private Bitcoin ETF for institutional investors.
And Furthermore, the spot Bitcoin ETFs are already operational in Europe and Canada, and other major asset management firms.

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