Matrix on Target wrote on December 21, 2023, ‘Bitcoin surges to $50,000 in January’ After the price increase in the middle to the end of last December. and news of Bitcoin ETF approval in early 2024
Last year, most of the market faced a bear market, so many projects were in a lower position than usual. However, things are starting to change. Stocks and cryptocurrencies have seen a surge in market conditions.
which is for institutional investors They cannot afford to miss another potential price rise, so they will need to buy as soon as the market opens in 2024. Matrix expects a sudden price increase will cause investor excitement once again.
Potential Bitcoin Spot ETF approval could be announced today or tomorrow. Before most traders expect approval on January 8, 9, or 10, if this happens We expect the Bitcoin price to increase significantly. It is unlikely that this is a rumored event.
This approval will make Bitcoin an asset in institutional investment portfolios. That can be used as collateral to purchase other assets, and thus make it easier for investors to access Bitcoin in traditional markets.
Origin Matrixport