Bitcoin Could Reach $50,000 To $55,000 By Q1 2024 If This Happens: Former FTX US President

Brett Harrison, the ex-president of FTX US and a former colleague of Sam Bankman-Fried (SBF) at the quantitative trading firm, Jane Street, forsees Bitcoin BTC/USD reaching a range of $50,000 to $55,000 in Q1 of 2024. 

What Happened: Harrison says that hinges on a spot Bitcoin ETF approval in Q1 of 2024, Cointelegraph reports. He added that he does not see any six-figure numbers until “toward the end of 2024 or early 2025 at the earliest.”

Harrison said that if an ETF gets approved in Q1, BTC prices reaching between $50,000 and $55,000 seem “feels pretty probable.”

Also Read: Bitcoin Bull Frenzy Hits $44K As Futures Market Expects 10-12% Rise Into 2024

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