SEC Chair Gensler’s testimony ignites hope and debate in Crypto Community
SEC Chair Gary Gensler’s recent testimony before the United States Senate has sparked speculation within the crypto community. Gensler’s emphasis on investor protection and compliance with securities laws has given hope to supporters of cryptocurrencies, particularly regarding the regulation of crypto assets and the potential approval of Bitcoin Spot exchange-traded funds (ETFs). He highlighted that […]
Bitcoin bull Tom Lee predicts Bitcoin to skyrocket $185,000 after Spot ETF approval
Bitcoin prices could potentially reach $185,000 if the United States Securities and Exchange Commission (SEC) approves a spot Bitcoin exchange-traded fund (ETF) in the near future, according to expert opinions. Tom Lee, a prominent figure in the Bitcoin market, highlighted in a CNBC interview that a spot ETF would absorb all the daily supply of […]
Bloomberg experts predict 75% chance of spot Bitcoin ETF approval
Bloomberg analysts have increased the probability of an approved spot Bitcoin exchange-traded fund (ETF) by the end of 2023 to 75%, up from an earlier estimate of 65%. This adjustment follows the recent victory of Grayscale against the U.S. Securities and Exchange Commission (SEC), which the analysts believe showcases the unanimity and decisiveness of the […]