Posted 12/26/2023, 10:53:16 PM
Cathie Wood Predicts Bitcoin Spot ETF Approval by 2024, Foresees Major Crypto Adoption Ahead
- Cathie Wood sees signs the SEC will likely approve a Bitcoin spot ETF by January 2024
- Wood praises crypto provider 21Shares, calling them the "largest pure-play ETP crypto provider" with $2 billion in assets
- A Bitcoin spot ETF will allow more institutions to invest and diversify into crypto
- Wood forecasts Bitcoin will continue major gains in 2024, acting as an inflation/deflation hedge
- Wood believes Bitcoin could eventually be used as legal tender in more countries, like El Salvador