Nigel Green, Bitcoin advocate and CEO of DeVere Group, said that the Bitcoin price will be 60 thousand by the end of March 2024 after the spot ETF approval.
Nigel Green said in a statement on January 11 that it was approved by the US Securities and Exchange Commission (SEC). 11 spot Bitcoin ETFs mentioned.
Green: After approval, Bitcoin price will increase at least by the end of March. for 60 thousand dollars He stated that he would achieve it.
In the statement made by the CEO, the following statements were also included:
This approval by the world’s largest financial regulator is a turning point for Bitcoin and the cryptocurrency market. Even if there is a sale in the short term, prices will increase in the long term.
While Green thinks that there will be an increase in the short term 5 reasons he pointed out.
Firstly institutional The famous CEO said that the approval of Bitcoin ETFs had a great impact and also meant corporate approval. Secondly capital flow showing Green, third place accessibility, fourth place regulatory clarity and finally to the fifth place in global adoption placed the increase.
Finally, Green added the following sentences:
We wouldn’t be surprised if Bitcoin reaches $60,000 this quarter and rises even higher throughout the year, driven by investor enthusiasm.