Gabor Gurbacs, who serves as a strategy consultant for investment company VanEck and Tether (USDT), made price predictions for spot Bitcoin ETF products.
All eyes on the US Securities and Exchange Commission (SEC) spot Bitcoin exchange-traded fund (ETF) While the decision regarding their application was being made, a price estimate came from an experienced name.
Strategic consultant making a statement on the subject Gabor Gurbacsapplicants’ Bitcoin investment to make it more accessible per share by removing three zeros from the original Bitcoin price $44 predicted a hypothetical launch price.
Gurbacs, who set a symbolic price at this point, said that instead of owning fractional Bitcoin, investors Owning 1 Bitcoin He argued that they would psychologically desire it and that companies could trade at a hypothetical price of $44. On the other hand, this $44 showcase pricewill not affect the actual price and at the end of the day, investors will have traded at the current Bitcoin price.
In parallel with this statement, Gabor Gurbacs stated that the spot Bitcoin ETF approval will affect the cryptocurrency market, especially Bitcoin. $2.5 trillion liquidity flow He stated that he could provide it.
The SEC is expected to approve spot Bitcoin ETF applications with a 90% chance this week.