Popular YouTuber Crypto Rover has claimed that Bitcoin will reach $200,000 if BlackRock’s Bitcoin ETF is approved.
According to Crypto Rover, the approval of BlackRock’s Bitcoin ETF is crucial for the leading cryptocurrency to reach $200,000.
I think #Bitcoin will go to $200,000+ if the BlackRock Spot ETF get's approved!
— Crypto Rover (@rovercrc) September 24, 2023
And here are 6 compelling reasons why the approval is imminent:
1. BlackRock has an impressive ETF approval rate of 99.8%, with only one rejection throughout its history.
2. During the 2008… pic.twitter.com/lg8Jflvtvi
On its Twitter account, Crypto Rover has listed 6 “compelling” reasons why ETF approval is inevitable:
- BlackRock has a 99.8% ETF approval rate, with only one rejection in its entire history.
- During the 2008 financial crisis, the US government and the Federal Reserve turned to BlackRock to develop an exit strategy.
- BlackRock’s CEO has recently expressed a positive opinion on Bitcoin, calling it “digital gold” and highlighting its potential role in portfolio diversification.
- BlackRock has already introduced a private Bitcoin ETF aimed at institutional investors.
- Bitcoin ETFs already exist and are active in Europe and Canada.
- Other large asset management companies, such as Vanguard and Fidelity, have also filed to create their own Bitcoin ETFs.
Recall that at the end of August, Bloomberg analysts estimated the probability of approval of Bitcoin ETFs at 75%.
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