Bitcoin Price Hard to Predict After Potential ETF Approval
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Analysts uncertain if Bitcoin price will increase or decrease after potential Bitcoin ETF approval on January 10th.
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Meltem Demirors and Eric Balchunas, prominent crypto analysts, say Bitcoin's price after ETF approval is impossible to predict.
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Demirors argues that most future events are already "priced in" to Bitcoin's current value.
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Balchunas agrees with the difficulty of predicting Bitcoin's price, says Reddit post sums up his views.
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As of writing, Bitcoin price is $42,324. Analysts have disputed rumors that Bitcoin ETFs would rely on "paper bitcoin."