While the SEC's decision deadline on Ark Invest's ETF application expires today, analysts and the market expect a decision to be made on all ETFs, considering the SEC's historical decision-making tendency.
Because historically, it seems that the SEC makes decisions about all ETFs at the same time.
Although yesterday's false confirmation post gave a negative impression for the price at first glance, it did not ease the mood among crypto bulls who say new rises in Bitcoin are possible in 2024.
Switzerland's St. Famous names who came together at the “Crypto Finance Conference” held in a luxury hotel in St. Moritz spoke to CNBC.
At this point, CoinShares head of strategy Meltem Demirörs stated that their happiness was cut short when it was announced that the approval news was fake.
“But ETF approval will come.
“When ETF approval and halving event are considered together, these will be an upward catalyst and I think we will exceed six figures by the end of 2024.”
“Bitcoin Will ATH in 2024!”
Apart from Demirörs, Fred Thiel, CEO of Bitcoin miner Marathon Digital Holdings, also made evaluations.
Fred Thiel said the SEC may “delay” approval but will approve it eventually, and probably very soon.
“I feel like the SEC will probably approve a lot of them and then move on.
Barring confirmation I think Bitcoin will follow its historical halving cycle. This will cause the BTC price to increase.
At this point, Bitcoin will make an ATH towards the end of 2024. “In fact, it will make a new ATH at the end of 2025.”
*This is not investment advice.