BlackRock’s Bitcoin ETF Approval Predicted to Spark $100 Billion Institutional Investment

Anthony Scaramucci, an influential figure in politics and finance, foresees BlackRock gaining approval for a spot Bitcoin ETF by the first half of 2024. This prediction follows his early investment in BlackRock’s Bitcoin trust. Scaramucci believes this development will trigger a substantial surge in institutional investment, potentially injecting $100 billion into the cryptocurrency market. Scaramucci predicts a substantial surge in Bitcoin’s value, potentially taking it from a $600 billion asset to a staggering $600 trillion if it grows 11-fold from its current price of around $30,000.

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