Bloomberg analysts predict BTC will reach $45,000 by Christmas!

Bitcoin expected to hit $45,000 by Christmas

Following a month-long hype about the potential approval of a Bitcoin spot ETF, the Bitcoin price surged rapidly within a week, crossing $40,000. It even briefly spiked to $44,000 on 12/6, and the upward trend continues. It is believed that by Christmas 2023, it might reach $45,000.

Bloomberg analyst: Application for BTC spot ETF in January has 90% chance of approval!

Bloomberg’s primary analyst, Eric Balchunas, mentioned that institutions applying for a Bitcoin spot ETF, if they persist until January 10th, have a 90% chance of approval. He also pointed out that in the past year, BTC has seen a total increase of 155% in price. Predicting that by the end of 2023, Bitcoin might soar to $45,000.

BTC spot ETF drives BTC asset higher with opportunity

Another analyst, Santiment, believes that as Bitcoin holders await the green light for a Bitcoin spot ETF, their demand for BTC could propel the asset to rise to $50,000.

New token Bitcoin ETF ($BTCETF) recently launched

According to market reports, a new token, the Bitcoin ETF ($BTCETF), has recently emerged. This new product allows investors to participate in investment without actually owning Bitcoin. Its aim is to provide investors with the benefits of Bitcoin price fluctuations while relieving them from the hassle of closely monitoring currency value changes over the long term.

BTCETF pre-sale price is $0.005

BTCETF is issued in the form of an ERC20 token, aiming to transform the advantages of the SEC-approved Bitcoin spot ETF into its own returns. Additionally, the BTCETF project itself has multiple value-added functions, with 40% (8.4 billion tokens) distributed fairly, priced at $0.005 per token during presale. Through Bitcoin ETF ($BTCETF) mining returns, holders can profit by pledging.