Dypius [Old]

Bitcoin

Read

<p class="is-style-lead">The crypto analyst predicts Bitcoin will surge soon based on the anticipated approval of spot Bitcoin ETFs in the U.S. on Jan. 10.</p> 
<p>In his YouTube video on Dec. 22, the analyst behind the popular CryptosRUs channel predicted that Bitcoin (BTC) and the overall crypto market will soon be poised for a significant surge. He based this on the widespread anticipation that the SEC will finally approve spot Bitcoin exchange-traded funds (ETFs) in the U.S., with Jan. 10 being the target date.</p> 
<figure class="wp-block-embed is-type-video is-provider-youtube wp-block-embed-youtube wp-embed-aspect-16-9 wp-has-aspect-ratio">
 <div class="wp-block-embed__wrapper"> <iframe title="Bitcoin Will SKYROCKET After ETF Approval (It's Coming Very Soon)" width="1020" height="574" src="https://www.youtube.com/embed/ZBdYp33qPkM?feature=oembed" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" allowfullscreen></iframe> 
 </div>
</figure> 
<p> You might also like: <a href="https://crypto.news/dypius-soars-80-today-following-huge-week/"> Dypius soars 80% today following huge week </a> </p> 
<p>The analyst cited a supposed closed-door meeting between the <a href="https://crypto.news/tag/sec/">SEC</a> and all major ETF issuers as evidence that approval is imminent. He believes having these ETFs traded on major U.S. exchanges will unleash a flood of new institutional investment into Bitcoin and crypto, causing prices to soar.</p> 
<p>“This is a done deal. Spot ETFs are coming, and when — well, the date is January 10th,” the analyst stated. While admitting a small chance it doesn’t happen, he pegged the odds of approval at over 90% based on mounting evidence.</p> 
<p>Beyond the assumed impact of U.S. ETFs, the analyst pointed to other positive adoption trends leading to his bullish stance. These include other major financial hubs like Hong Kong gearing up to allow spot crypto ETFs. Further, he cited data showing crypto users globally will nearly double to 1 billion by 2024.</p> 
<blockquote class="wp-block-quote"> 
 <p>Get ready, Bitcoin and the entire crypto market will skyrocket soon.</p> <cite>– CryptosRUs</cite>
</blockquote> 
<p>While optimistic about Bitcoin eventually hitting up to $250,000, the analyst cautioned that intermittent pullbacks and sideways moves are still probable. However, he considers these potential buying opportunities before the next major leg-up.</p> 
<p> Read more: <a href="https://crypto.news/tellor-jumps-up-25-amid-market-manipulation-allegations/"> Tellor jumps up 25% amid market manipulation allegations </a> </p>

Analyst: Bitcoin to see significant surge on ETF approval

crypto.news

Other articles published on Dec 22, 2023

Analyst Kaleo Predicts Continued Surge for THORchain and a Rise for Bitcoin Above $48K

Rubic Exchange is Your Gateway to Optimal Rates and Swift Transaction

Socrates Unveils Major Airdrop Campaign to Incentivise Engagement with High-Quality Content

New Argentina President Legalizes All Foreign Currencies For Payment – Including Bitcoin

XRP Eyes $1 Bullish Rally: Breaking Resistance Ahead?

Dogecoin Technical Analysis Overview

Join our free newsletter for daily crypto updates!