On Monday, Bitcoin prices rose to over $28000 as investors were eagerly anticipating several pending Bitcoin ETF applications from the US Securities and Exchange Commission (SEC). The goal of this leading cryptocurrency rebound is to reach or even exceed a market value of $15 trillion, sparking calls for further growth
On Monday, Bitcoin prices rose to over $28000 as investors were eagerly anticipating several pending Bitcoin ETF applications from the US Securities and Exchange Commission (SEC). The goal of this leading cryptocurrency rebound is to reach or even exceed a market value of $15 trillion, sparking calls for further growth.
Experts' Views on Comparing Special Coins!
Anthony Scaramucci, founder and executive partner of Skybridge Capital, is very optimistic about Bitcoin. According to CoinGecko's data, he believes that Bitcoin's current market value is approximately $546 billion, but it has the potential to grow by 2662%. In a recent interview, Scaramucci stated that he expects Bitcoin to easily become a $15 trillion asset in the coming years, especially in the face of difficulties in the US financial system. He further emphasized:
I think Bitcoin can easily become a $15 trillion asset, more valuable than gold, and a means of storing value. That's why we have a large amount of Bitcoin.
In the past 24 hours, Bitcoin (BTC) has risen by 4.8%, pushing its price to $28138. With Grayscale's ambitious update of Bitcoin spot ETFs, Bitcoin prices have skyrocketed. As previously announced, the US Securities and Exchange Commission did not appeal the court's ruling in August to block the Grayscale ETF application.
BTC Price Forecast!
The estimated market value of Skaramchi Bitcoin at $15 trillion means that considering the hard cap of 21 million, the price of each cryptocurrency will exceed $70000. The second largest cryptocurrency, Ethereum (ETH), regained support at $1618 with a 4.0% increase.
The total market value of the entire cryptocurrency market has increased by approximately $25 billion, an increase of 4.0% compared to yesterday. Solana performed the most positively, with FTX's bankruptcy district easing concerns about its potential decline by mortgaging approximately 10% of its huge assets. SOL rose 7.8%, becoming the best-performing cryptocurrency among the top ten in the market.
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