$200,000 by the end of 2025: BTC prospects after Bitcoin ETF approval
The value of the largest cryptocurrency could reach $200,000 by the end of 2025, thanks to the approval of a spot Bitcoin ETF in the United States, Business Insider writes.
The regulator, the SEC, is expected to approve the first such ETF this week. Potential approval could boost the value of BTC by more than 300% by the end of next year, according to many analysts.
The SEC (US Securities and Exchange Commission) promised to make a decision on the first of these ETFs by Wednesday this week.
If such a Bitcoin ETF is approved, the token could rise to around $200,000 by the end of 2025. This would suggest that between 437,000 and 1.32 million new bitcoins would be held in US spot ETFs by the end of 2024, with an estimated inflow of $50-100 billion this year alone.
Reaching $200,000 would represent a 344% increase in price from its current level of around $45,000.
