The price of Bitcoin reached $45,000 per Bitcoin before falling slightly, having climbed steadily since October as the market prepared for a “Biden bailout” in 2024. Now, after Wall Street giant BlackRock caused major market turmoil, a veteran trader has predicted that the world's largest asset manager's Bitcoin spot exchange-traded fund (ETF) will “completely destroy Bitcoin.” Could be “doer”. Bitcoin's historic halving is expected to lead to crypto price chaos just around the corner! “BlackRock is hoping to plant the seeds [its bitcoin spot ETF] on Jan. 3 with $10 million,” Bloomberg Intelligence analyst Eric Balchunas Posted For X. “We are expecting the SEC to approve a Bitcoin spot ETF in January,” Marcus Thielen, head of research and strategy at Matrixport, wrote in an email comment.

Source: Forbes December 24, 2023 20:27 UTC