Bitcoin Price to Surge 3,200%: InvestAnswers Explain How Spot Bitcoin ETFs Could Ignite BTC Boom.

A well-known host from InvestAnswers has made a bold prediction about Bitcoin and how it could skyrocket shortly. Eventually, his prediction revolves around spotting Bitcoin ETF approval, which could change the game for Bitcoin investors. According to this host, if everything aligns as he predicts, the price of Bitcoin might skyrocket by a staggering 3,200%.

Crunching Time for Bitcoin ETF

The InvestAnswers host, who talks about investments to nearly half a million subscribers on YouTube, believes that approving a spot Bitcoin ETF could lead to significant investments from major players on Wall Street.

According to the analyst, financial giants like Fidelity Investments, Charles Schwab, Citadel, Deutsche Bank, BlackRock, Nomura, and Franklin Templeton collectively manage a staggering $25.22 trillion in assets.

If these companies decide to put even a tiny bit of that money, just 0.5%, into Bitcoin ETFs during the first year following the Bitcoin halving event scheduled for April 2024, it could have a tremendous impact on the price of Bitcoin.

The analyst suggests this allocation is possible, especially given the growing interest of pension funds and other entities seeking returns to secure their financial futures.

If they do this, the demand for Bitcoin could increase significantly. It could make the price of Bitcoin jump by about 3,219% in less than five years!

Bitcoin’s Big Price Jump

To simplify it, if Bitcoin is worth $27,965 now, it could go up to $920,000 by April 2028.

Now, here’s something even more exciting. A top executive from one of these big companies, BlackRock, said they might get permission to do this within three to six months.

This is because they want to get in on the action before a special event called the “halving,” which is like a big party for Bitcoin.

If all of this happens, and Bitcoin’s price makes a big jump as predicted, it could change many things in the finance world.