Bitcoin Price to $185,000 if Spot ETF Gets Approved by SEC: Expert Predicts

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According to an expert, if the United States Securities and Exchange Commission (SEC) approves a spot Bitcoin exchange-traded fund (ETF) in the near future, the price of Bitcoin (BTC) could potentially reach $185,000.

The expert, Tom Lee, believes that the approval of a spot ETF would create an “imbalance” between demand and supply, leading to a significant increase in BTC prices. Despite its recent price fluctuations, Bitcoin remains the largest cryptocurrency by market capitalization.

The SEC has previously dismissed applications for a Bitcoin ETF but recently faced a court ruling supporting the assertion that measures are in place to prevent market manipulation in a Bitcoin spot ETF.

Given the recent court ruling and growing interest in the cryptocurrency market, some analysts are optimistic that the SEC will be more likely to approve a spot ETF in the coming weeks or months.

Source: NEWSBTC

Bitcoin Price to $185,000 if Spot ETF Gets Approved by SEC: Expert Predicts

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Name	Price	24H (%)
Bitcoin(BTC)	$64,117.57	-0.55%
Ethereum(ETH)	$3,385.73	-2.36%
Tether USDt(USDT)	$1.00	-0.03%
BNB(BNB)	$566.98	-1.65%
Solana(SOL)	$155.13	-3.37%
XRP(XRP)	$0.61	3.11%
Dogecoin(DOGE)	$0.120950	-4.13%
Cardano(ADA)	$0.439668	-1.42%
TRON(TRX)	$0.134165	-0.11%
Shiba Inu(SHIB)	$0.000019	-4.52%
Polkadot(DOT)	$6.32	-1.92%
Chainlink(LINK)	$13.89	-4.11%
Polygon(MATIC)	$0.55	-0.36%
Litecoin(LTC)	$71.52	-2.67%
Monero(XMR)	$159.74	-0.89%
OKB(OKB)	$42.54	0.04%
ApeCoin(APE)	$0.82	-0.24%