According to American investors surveyed by CryptoVantage, 25% of respondents voted for Bitcoin to reach $69,000 by the end of 2023.
Additionally, 47% said BTC growth would take about five years. Fundstrat analysts forecast that before the halving in April 2024, Bitcoin’s price may soar to $180,000.
This upward surge is expected to be spurred by the legalization of spot crypto ETFs, according to NYDIG, whose applications were submitted to the Securities and Exchange Commission (SEC) in June.
If legalized, the total capitalization of the largest digital currency would likely increase by $30 billion over the following months.