Spot Bitcoin ETF Will Raise BTC to $1 Million.

Samson Mow said spot #Bitcoin ETF approval would push #BTC to $1 million within days or weeks.

Jan3 CEO Samson Mow stated that institutional capital inflow will intensify if the spot #Bitcoin ETFs, which the entire crypto industry is eagerly awaiting, are approved. According to Mow, with the inflow of institutional money, there will be a supply and demand explosion due to Bitcoin having a limited supply.

Jan3 CEO Samson Mow stated that the impact on prices of a spot Bitcoin #ETF approval would be much faster than a central bank printing money. Mow also discussed traditional financial products. “Printing money is like boiling water very slowly, it takes years for it to penetrate the economy,” Mow said. said.

Mow said that unlike previous rallies that took Bitcoin to new highs in a matter of months, the rise to $1 million after ETF approval will be much faster. Jan3 CEO cited the #BTC rise in 2017 as an example.

“Considering that billions of dollars will suddenly flow for ETF approvals, I think it will take a much shorter time for BTC to reach $ 1 million,” Mow said.

The entire crypto ecosystem is focused on January 10, 2024. On this date, the SEC is expected to make a final decision on spot Bitcoin ETF applications. SEC looks set to approve spot Bitcoin ETFs.
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