- A renowned host from InvestAnswers has made a bold prediction about Bitcoin and how it could skyrocket in a short period.
- The InvestAnswers host believes that the approval of a spot Bitcoin ETF could lead to significant investments from major players on Wall Street.
- Now, there’s even more exciting news. A former executive from BlackRock stated that they could obtain ETF approval, a process that could take approximately three to six months.
A famous anchor from InvestAnswers predicts a massive price increase if events in Bitcoin happen as expected.
According to the Presenter, There May Be a Giant Rally in Bitcoin
A prominent host from InvestAnswers has made a bold prediction about Bitcoin and how it could experience a massive price increase. As a result, this host’s prediction revolves around observing the approval of a Bitcoin ETF that could potentially lead to a tremendous 3,200% increase in Bitcoin’s price if everything unfolds as predicted.
Speaking to approximately half a million subscribers about investments, the InvestAnswers host believes that the approval of a spot Bitcoin ETF could lead to significant investments from major players on Wall Street. According to the analyst, financial giants like Fidelity Investments, Charles Schwab, Citadel, Deutsche Bank, BlackRock, Nomura, and Franklin Templeton collectively manage a staggering $25.22 trillion in assets.
If these companies decide to allocate even a small fraction of this money, namely just 0.5%, to Bitcoin ETFs during the first year following the scheduled Bitcoin halving event in April 2024, it could have a tremendous impact on Bitcoin’s price.
The analyst suggests that this allocation could be possible, given the increasing interest of retirement funds and other institutions seeking returns to secure their financial futures. If they do so, the demand for Bitcoin could increase significantly. This could result in Bitcoin’s price rising by approximately 3,219% in less than five years!
Bitcoin’s Significant Price Increase
To simplify, if Bitcoin is currently worth $27,500, it could potentially reach $920,000 by April 2028. Now, even more exciting news is on the horizon. A former executive from BlackRock stated that they could obtain approval to launch an ETF, a process that could take approximately three to six months.
This is because they want to get in before a special event called the “halving,” which is like a big party for Bitcoin. If all of these developments come to pass and Bitcoin’s price experiences the predicted significant jump, it could change many things in the world of finance.
