Bitcoin price could hit $100k without U.S. spot ETF approval, says crypto fund CIO

Alistair Milne, the chief investment officer of Altana digital currency fund, said Bitcoin (BTC) does not need the U.S. to approve a spot exchange-traded fund (ETF) for its value to reach $100,000.

In an Aug. 31 post on X, Milne stated that a U.S. spot Bitcoin ETF was a distraction. According to him, while an ETF approval would be nice for the industry, the flagship digital asset would still perform great without it.