TL;DR
- The approval of a spot Bitcoin ETF by the SEC has been a highly debated topic, and a recent false report claiming approval caused a temporary 10% increase in BTC’s price.
- The likelihood of Bitcoin reaching $100,000 after SEC approval depends on various factors, with institutional demand being a significant consideration. Increased institutional interest could lead to higher demand and drive up the price.
- Other factors, such as the regulatory environment and the timing of Bitcoin’s halving in April or May, also play a role in determining whether BTC reaches the $100,000 mark in case of a spot Bitcoin ETF approval.
The approval of a spot Bitcoin ETF by the United States Securities and Exchange Commission has been a hot topic of discussion for many months, especially after BlackRock – the world’s largest asset manager – also filed an application.
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