Data analytics firm CryptoQuant predicts a $900 billion valuation for Bitcoin and a $1 trillion increase in the crypto market if Bitcoin spot ETFs get approval. Financial institutions seek to offer Bitcoin access to clients through spot ETFs, with potential U.S. approvals by March 2024. This inflow could reach $155 billion, potentially boosting Bitcoin’s price to $50,000 to $73,000.
Spot Bitcoin ETF Approvals Could Add $1 Trillion to Crypto Market Cap, CryptoQuant Says
