Posted 1/21/2024, 9:50:00 AM
Bitcoin Price Could Surge 300% to $200k Per Coin by 2032 Driven by New Spot ETFs, Predicts Analyst
- Morningstar analyst expects the crypto market to grow 300% to $6.4 trillion by 2032, implying huge upside potential for Bitcoin
- New spot Bitcoin ETFs make it easy to invest in crypto by tracking Bitcoin price without needing to use exchanges and crypto wallets
- Spot Bitcoin ETFs could drive more capital into crypto and push Bitcoin price higher, with some targets as high as $200k per Bitcoin
- The best Bitcoin ETFs have low fees under 0.25% and are run by major asset managers like BlackRock and Ark Invest
- The iShares Bitcoin Trust ETF (IBIT) is recommended as the top Bitcoin ETF choice due to low fees and strong demand