United

Bitcoin

Read

Spot

Daily

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 LeeWhen 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/" rel="noopener noreferrer nofollow">Read more</a>

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

TheCryptoBasic

Other articles published on Aug 17, 2023

Korea and Japan Collaborate to Develop Accounting Standards for Virtual Assets

DEPUTY MAYOR OF LONDON AND THE ECONOMIC SECRETARY TO THE TREASURY HEADLINE IMPRESSIVE SPEAKER LIN...

Shibarium Fails To Boost SHIB’s Price, Meme Coin Down 6+%

Bloomberg Analyst Says Bitcoin Era of Huge Swings Over, As Volatility Declines

Tether Ceases USDT Issuance on Kusama, Bitcoin Omni!

Tom Lee expects Bitcoin at $150k with spot ETF approvals

Join our free newsletter for daily crypto updates!