The price of the cryptocurrency is currently around $ 61 000. Recently, the price of BTC has even touched the $ 67 000 ceiling. Cryptotracks are now very positive, helped by the recent approval of the ETF. Exchange traded fund or ETF is an exchange-traded fund that is available to almost everyone. ETFs are funds that behave similarly to stocks and are traded on a stock exchange.
According to recent research, it is clear that such a decline in BTC as it has been in recent years should no longer be as dramatic. Thanks to the approval of the ETF, which it expects to facilitate market entry for institutional investors, the BTC price erased all its losses incurred during April and July this year. Tom Lee, a Wall Street strategist, has revealed his medium-term predictions about BTC. He expects the price of the leading cryptocurrency to climb to $ 168 000 by the end of the year. This is mainly due to the recent approval of the ETF in the USA. Anthony Scaramucci, CEO of Skybridge Capital, also pointed that BTC will reach the value of USD 100 000 in the 4th quarter of this year. He also pointed out that the value of bitcoin will continue to increase.
Although the prospects for Bitcoin are more than positive, it is still a very variable currency, which will always depend on many factors. No one can determine with certainty what the value of bitcoin will be in a month or in a year. But more and more experts are convinced that Bitcoin will grow more and more, and its decline should no longer be so rapid.
