AbigailWillard
@abigailwillard
The approval of Bitcoin's first spot ETF by the US SEC on January 10, 2024, is expected to drive significant market excitement. In the short term, Bitcoin's price may experience volatility due to increased market liquidity and institutional interest. However, in the long run, this approval may solidify Bitcoin’s position as a mainstream investment, leading to a sustained upward trajectory as more investors gain access to the asset via traditional financial platforms.
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