The Depository Trust and Clearing Corporation briefly listed a spot Bitcoin ETF ticker symbol iBTC – BlackRock’s BTC ETF, leading to a BTC price surge to $35K.
Crypto analyst Pentoshi speculated that if a BTC ETF is approved, the Bitcoin price could potentially reach $180K in the next 5 years, though its long-term downside could be around $19-$20K. Not that long after, however, the ticker was removed. The prices slid a little bit, but it was nothing too concerning. And a few hours later, the ticker appeared once again.
Going forward, Pentoshi said that “the long-term downside could be $19-$20K, and the upside could be $180K in the next 5 or so years. Just a guess.”
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