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Tom Lee hints at the possible outcome of a spot Bitcoin ETF approval in the United States, suggesting an increase above the $150 price level for Bitcoin. 
Tom Lee, Head of Research and contributor at CNBC, weighs in on the implications of a potential spot Bitcoin ETF trading approval by the U.S. SEC. 
Speaking in an interview on CNBC Market Alert, Tom noted significant aspects of Bitcoin’s metrics that would be affected by a potential SEC’s approval of spot Bitcoin ETF trading. He also stated how these metrics could impact the asset’s price. 
“Demand Will Be Greater Than The Daily Supply Of Bitcoin” – Tom Lee 
When quizzed about his price projection for BTC at the end of next year, The CNBC contributor noted that Bitcoin could attain a price high in the range of $150k to $180k. 
Per Tom, his Bitcoin price forecast would hinge mainly on whether the United States crypto regulatory body, SEC, authorizes the approval of a spot Bitcoin ETF in America. 
Describing how the approval of a spot Bitcoin ETF would impact the token’s price. Tom added, ...
<a href="https://thecryptobasic.com/2023/08/17/cnbc-contributor-says-bitcoin-could-spike-more-than-150k-if-sec-approves-spot-bitcoin-etf/">Read more</a>

CNBC Contributor Says Bitcoin Could Spike More Than $150K If SEC Approves Spot Bitcoin ETF

TheCryptoBasic

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