SEC Greenlights Bitcoin ETFs, Sparking Predictions of Six-Figure BTC Price
• The SEC approved 11 spot bitcoin ETFs this week, leading to optimism that bitcoin's price could exceed $100,000 • Bitcoin is up 70% since October amid growing speculation over the SEC's decision • Analysts like Standard Chartered and Tom Lee predict bitcoin could hit $100k-$200k by end of 2024/2025 • The ETF approvals may attract major institutional investment into crypto • Not everyone agrees bitcoin will become a mainstream currency, though it anchors crypto in the investment world