The price of Bitcoin (BTC) is likely to surge to more than $43,103 in the near future due to renewed optimism sparked by talks of a Bitcoin exchange-traded fund (ETF).
Even though the proposal for a Bitcoin ETF was turned down by the U.S. Securities and Exchange Commission (SEC) in August 2018, recently there have been talks of a renewed attempt to launch an ETF.
The Winklevoss twins, who have a long-term stake in the crypto space, filed an application with the SEC for a Bitcoin ETF. This news, combined with increasing institutional investments in the cryptocurrency market, has added to the optimism and excitement in the Bitcoin space and its potential for growth in the future.
The overall sentiment in the crypto market is that if a Bitcoin ETF is approved it will provide a stable platform for institutional investors to invest in the crypto space and will open up the market to a whole new set of investors.
If this optimism turns out to be true, we can expect the price of Bitcoin to continue to grow as new investors flock to the space. According to current projections, if regulatory approval is obtained, Bitcoin could reach as high as $43,103 per coin in the near future.
