Bitcoin has been growing at an insane pace in recent weeks, reaching a new All-Time High (ATH) just the day before yesterday, at $67,000 (Binance). ProShare’s ETF futures (BITO), which caused a huge uproar, clearly contributed to this growth, with trading volumes climbing to $1 billion on the first day. On the sidelines of this result, Erich Balchunas, a senior analyst at Bloomberg, added that this is by far the largest and most successful first day of the ETF in terms of natural volume.
Among others, many experts commented on the situation, who predict that this successful launch will further accelerate the growth of the price of Bitcoin, as new opportunities have opened up for investors. For example, Wall Street strategist and Fundstrat co-founder Tom Lee says that Bitcoin will not only exceed the $100,000 mark, but its growth will continue after reaching these record numbers. To be specific, Tom claims that the price could easily climb to $168,000 by the end of the year. What do you think?