{"id":1314692,"date":"2024-01-08T21:00:32","date_gmt":"2024-01-08T21:00:32","guid":{"rendered":"https:\/\/www.businesstelegraph.co.uk\/forbes-says-spot-bitcoin-etf-approval-will-send-btc-price-to-80000\/"},"modified":"2024-01-08T21:00:32","modified_gmt":"2024-01-08T21:00:32","slug":"forbes-says-spot-bitcoin-etf-approval-will-send-btc-price-to-80000","status":"publish","type":"post","link":"https:\/\/www.businesstelegraph.co.uk\/forbes-says-spot-bitcoin-etf-approval-will-send-btc-price-to-80000\/","title":{"rendered":"Forbes Says Spot Bitcoin ETF Approval Will Send BTC Price To $80,000"},"content":{"rendered":"<p> <script async src=\"\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js\"><\/script>\r\n<!-- newscabal uk text -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:inline-block;width:728px;height:90px\"\r\n     data-ad-client=\"ca-pub-8162386273903324\"\r\n     data-ad-slot=\"3688094655\"><\/ins>\r\n<script>\r\n(adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><br \/>\n<\/p>\n<div>\n<p><span style=\"font-weight: 400\">Global media company Forbes has published a column predicting a staggering $80,000 price surge for Bitcoin following the approval of Spot Bitcoin ETFs by the United States Securities and Exchange Commission (SEC).<\/span><\/p>\n<h2>Bitcoin To Rise $80,000<\/h2>\n<p><span style=\"font-weight: 400\">American business magazine and global media company Forbes has recently <\/span><a href=\"https:\/\/www.forbes.com\/sites\/digital-assets\/2024\/01\/04\/huge-15-trillion-etf-snowball-effect-prediction-triggers-sudden-bitcoin-price-surge-boosting-ethereum-xrp-and-solana\/?sh=35a4a25b4bf3\" rel=\"nofollow\"><span style=\"font-weight: 400\">released<\/span><\/a><span style=\"font-weight: 400\"> a report emphasizing the massive impact the approval of a <\/span><a href=\"https:\/\/bitcoinist.com\/bitcoin-etf-week-5-things-to-watch\/\" rel=\"nofollow\"><span style=\"font-weight: 400\">Spot Bitcoin ETF<\/span><\/a><span style=\"font-weight: 400\"> would have on the price of BTC. According to the publication, the price of Bitcoin could surge as high as $80,000 by the end of 2024.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400\">The analysis was disclosed by <\/span><a href=\"https:\/\/www.marketwatch.com\/story\/bitcoin-could-hit-80-000-by-year-end-says-this-prominent-asset-manager-f662ff4b\" rel=\"nofollow\"><span style=\"font-weight: 400\">MarketWatch<\/span><\/a><span style=\"font-weight: 400\"> from crypto analysts at AllianceBernstein, one of the largest investment companies. According to analysts Gautam Chhugani and Mahika Sapra, <\/span><a href=\"https:\/\/www.newsbtc.com\/news\/bitcoin\/bitcoin-price-43000-rumor-etf-approval-tomorrow\/\"><span style=\"font-weight: 400\">Bitcoin\u2019s price <\/span><\/a><span style=\"font-weight: 400\">could skyrocket to $80,000 if the US SEC approves <\/span><a href=\"https:\/\/bitcoinist.com\/bitcoin-spot-etf-applications\/\" rel=\"nofollow\"><span style=\"font-weight: 400\">Spot Bitcoin ETF applications.\u00a0<\/span><\/a><\/p>\n<p><span style=\"font-weight: 400\">The crypto experts have also highlighted other factors that could propel the price of Bitcoin to $80,000 including the upcoming <\/span><a href=\"https:\/\/www.newsbtc.com\/news\/bitcoin\/when-is-the-next-btc-halving-date-bitcoin-halving-guide\/\"><span style=\"font-weight: 400\">Bitcoin halving <\/span><\/a><span style=\"font-weight: 400\">event in April and growing demand from companies.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400\">\u201cWe expect 2024 to be a breakout inflection year for crypto. Bitcoin ETF flows build-up could be gradual, but the applicants will be fighting hard to get a lead into this massive asset accumulation game, tuning up advertising and Bitcoin branding leading to a snowball effect,\u201d the analysts said.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400\">AllianceBernstein crypto experts have also predicted approximately $5 billion flowing into Spot Bitcoin ETFs during the first half of 2024. Their analysis suggests the second half may see double <\/span><a href=\"https:\/\/bitcoinist.com\/bitcoin-etf-hints-at-16-billion-inflows-btc-report\/\" rel=\"nofollow\"><span style=\"font-weight: 400\">inflows<\/span><\/a><span style=\"font-weight: 400\"> of $10 billion, with projections indicating that BTC could attain a $1.5 trillion market cap before the year ends.\u00a0<\/span><\/p>\n<p><img decoding=\"async\" class=\"aligncenter size-medium\" src=\"https:\/\/www.businesstelegraph.co.uk\/wp-content\/uploads\/2024\/01\/Forbes-Says-Spot-Bitcoin-ETF-Approval-Will-Send-BTC-Price\" alt=\"Bitcoin price chart from Tradingview.com\" width=\"3266\" height=\"1530\" loading=\"lazy\"\/><\/p>\n<pre style=\"text-align: center\">BTC bulls reclaim $44,000 support | Source: <a href=\"http:\/\/Tradingview.com\" rel=\"nofollow\">BTCUSD on Tradingview.com<\/a><\/pre>\n<h2>SEC Caution Against FOMO Before BTC ETF Verdict<\/h2>\n<p><span style=\"font-weight: 400\">As the crypto space is gearing up for the US SEC\u2019s final decision on Spot Bitcoin ETF applications on <\/span><a href=\"https:\/\/bitcoinist.com\/bitcoin-etf-approval-sec-january-2-10\/\" rel=\"nofollow\"><span style=\"font-weight: 400\">January 10<\/span><\/a><span style=\"font-weight: 400\">, the regulator has published a report cautioning investors against the Fear Of Missing Out (FOMO) investments.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400\">In the report which was published in an <\/span><a href=\"https:\/\/x.com\/sec_investor_ed\/status\/1743633594067619970?s=46\" rel=\"nofollow\"><span style=\"font-weight: 400\">X<\/span><\/a><span style=\"font-weight: 400\"> post by the US SEC\u2019s Office of Investor Education and Advocacy on January 6, the <\/span><a href=\"https:\/\/bitcoinist.com\/bitcoin-etf-comments-sec-engages-in-crucial\/\" rel=\"nofollow\"><span style=\"font-weight: 400\">US SEC <\/span><\/a><span style=\"font-weight: 400\">highlighted all the negative effects of succumbing to FOMO, offering guidance on how to avoid or overcome the feeling. The report also provided advice on ways to mitigate investment risks and maneuver volatile market swings.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400\">\u201cSay \u201cNO GO to FOMO\u201d (fear of missing out). Just because others might buy a particular investment, doesn\u2019t mean it\u2019s the right opportunity for you,\u201d the SEC said.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400\">The regulator explained that FOMO can be a hard feeling to fight. However, it urged investors to always apply willpower when making investment decisions. \u201cAs you make investment decisions keep this phrase in mind, \u201cNO GO to FOMO,\u201d the regulator concluded.<\/span><\/p>\n<p>Featured image from Investors King, chart from Tradingview.com<\/p>\n<p>Disclaimer: The article is provided for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.<\/p>\n<\/p><\/div>\n<p><script async src=\"\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js\"><\/script>\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block; text-align:center;\"\r\n     data-ad-layout=\"in-article\"\r\n     data-ad-format=\"fluid\"\r\n     data-ad-client=\"ca-pub-8162386273903324\"\r\n     data-ad-slot=\"7859258044\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><br \/>\n<br \/><a href=\"https:\/\/www.newsbtc.com\/news\/bitcoin\/forbes-bitcoin-etf-btc-80000\/\">READ SOURCE<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Global media company Forbes has published a column predicting a staggering $80,000 price surge for Bitcoin following the approval of Spot Bitcoin ETFs by the United States Securities and Exchange Commission (SEC). Bitcoin To Rise $80,000 American business magazine and global media company Forbes has recently released a report emphasizing the massive impact the approval [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":1314693,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"_oct_exclude_from_cache":false,"footnotes":""},"categories":[5],"tags":[],"class_list":["post-1314692","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency-market"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v24.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Forbes Says Spot Bitcoin ETF Approval Will Send BTC Price To $80,000 - Business Telegraph<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.newsbtc.com\/news\/bitcoin\/forbes-bitcoin-etf-btc-80000\/\" \/>\n<meta property=\"og:locale\" content=\"en_GB\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Forbes Says Spot Bitcoin ETF Approval Will Send BTC Price To $80,000 - Business Telegraph\" \/>\n<meta property=\"og:description\" content=\"Global media company Forbes has published a column predicting a staggering $80,000 price surge for Bitcoin following the approval of Spot Bitcoin ETFs by the United States Securities and Exchange Commission (SEC). 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