After the value of Bitcoin (BTC) reached $38,400, cryptocurrency evaluation firm QCP Capital shared its complete evaluation of the way forward for Bitcoin.
QCP Capital: “Bitcoin Spot ETF Could Be Authorized on January 3”
After SEC chairman Gary Gensler’s Halloween tweet wishing him a ‘completely satisfied fifteenth anniversary of Satoshi’s well-known white paper that launched cryptocurrencies’, QCP Capital recommended that if Gensler really believed in symbolic dates, the spot ETF can be on the Genesis Block. It suggests it ought to ratify on January 3, 2024, the fifteenth anniversary.
But when that does not occur, the primary actual deadline to satisfy is January 10, 2024, which is the deadline for ARK to use within the first approval group. If ARK is rejected and others are delayed as soon as once more, Blackrock and different candidates face their very own deadlines March 15, 2024 will likely be an actual breaking level.
QCP Capital additionally states that the following Bitcoin halving is barely 150 days away.
*This isn’t funding recommendation.