Predicting the Impact and Likelihood of Bitcoin ETF Approval by 2024

By: Eliza Bennet

The crypto markets keenly anticipate the Securities and Exchange Commission's (SEC) decision on the Bitcoin ETF. Various viewpoints exist on what could happen in the event of an approval. While some believe that the approval could interrupt Bitcoin's momentum, others expect it could inflate the cryptocurrency's value even more. There are further predictions of a 98% chance of approval in the coming weeks, and the likelihood of a consequent Bitcoin rally. SEC actions play a crucial role in guiding market expectations. The different scenarios demonstrate the uncertainty and anticipation surrounding the possible approval of a Bitcoin ETF.