Economist Forecasts Unprecedented Bitcoin Surge Amid BlackRock ETF Application

Cryptocurrency markets have started to recover, and the price of Bitcoin, at $29,400 after a long pause, has sparked optimism among investors. Renowned economist and crypto trader Alex Krüger believes that this trend will continue and views the current situation as a significant opportunity. Notable Economist’s Bitcoin Comment Krüger interprets BlackRock’s Bitcoin (BTC) exchange-traded fund (ETF) application as representing one of the “easiest long entries of the year” for BTC. According to him, the slower than expected price rise following this news actually presents investors with an easy profit opportunity. Last Thursday, BlackRock, the world’s largest asset manager, submitted an application for a spot Bitcoin ETF to the U.S. Securities and Exchange Commission (SEC). Krüger finds it “incredible” that so many investors are overlooking the ETF news. He expects the ETF to be approved by 2024, and foresees this event transforming Bitcoin’s status in the market. Despite applications from Grayscale, […] The post Economist Forecasts Unprecedented Bitcoin Surge Amid BlackRock ETF Application appeared first on COINTURK NEWS.