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#contentstar#Bitcoin ETF by the US Securities and Exchange Commission (SEC), the price of BTC has seen a remarkable surge of 23% over the past fourteen days. However, SEC Chair Gary Gensler, who has been at the forefront of the SEC’s crackdown on the crypto industry, has taken a notable stance against the idea of Bitcoin exchange-traded funds for both institutional and retail investors. Despite acknowledging that Bitcoin is classified as a commodity and not a security, Gensler remains opposed to the investment strategy associated with Bitcoin ETFs. Surprisingly, a recently surfaced video posted on Social Media X (formerly Twitter) has cast doubt on Gensler’s consistent opposition to Bitcoin ETFs.SEC Chair Gensler’s Resurfaced Video Sparks ControversyThe video, recorded at an unknown date, captures Gensler’s perspective on the matter. In the video, Gensler states:I think Bitcoin and Ethereum futures will exist, and Bitcoin ETFs have not, and that feels a little inconsistent for me… even though the laws say that they are quite similar.Related Reading: Top 4 Must-Watch Bitcoin And Crypto Events This WeekThis resurfaced video has ignited controversy and raised questions about Gensler’s evolving views on Bitcoin ETFs.
#ContentStar# #BountyCreator# #GateioBountyCreator# #NewsMessenger# #GateLive# #contentstar# #HotTopicDiscussion# #ContentStar#Bullish BTC Forecast: Josh Olszewicz predicts Bitcoin may reach $38,000 by year’s end, based on a chart placing BTC in a bullish zone between $33,500 and $35,000.
Potential Price Retrace: If Bitcoin falls below the current resistance, it could retrace to around $31,000.
Key Factors for Bull Run: Major drivers for a potential Bitcoin bull run include the SEC’s potential approval of a BTC ETF, the upcoming halving, increased adoption, and institutional interest. Even AI models like ChatGPT highlight these factors.With the hype surrounding the possible approval of a spot Bitcoin ETF in America building, some cryptocurrency analysts have laid out bullish predictions on the asset’s future price.
The popular X (Twitter) user Josh Olszewicz recently suggested that the leading digital currency is poised for breakout towards $38,000 before the year’s end.
They based the forecast on a chart indicating that the asset is situated in a bullish zone between $33,500 and $35,000. “Inside the flag, we’ve got evidence for A&E and iH&S, aka market refuses to break down,” Josh Olszewicz assumed.However, there is a slight chance that BTC retraces to approximately $31,000 if it plunges below the depicted resistance level, they added.
Numerous experts and even the AI-powered language model – ChatGPT – have recently pinpointed the major factors that could propel a bull run for the asset in the near future. Such elements include the SEC’s possible nod on aspot BTC ETF in the States, the upcoming halving, mass adoption, and interest from institutional investors.