Jan3 CEO Samson Mow predicted that Bitcoin price could go to $1 million, while BTC investor Anthony Pompliano said that the price won’t double overnight.
As preparations for spot Bitcoin (BTC) exchange-traded funds (ETFs) continue, executives from across the crypto community have been sharing their opinions on how the new investment vehicle for crypto could affect the overall markets.
In a CNBC interview, Grayscale CEO Michael Sonnenshein expressed his belief that there’s a lot of optimism in the BTC market again and that many investors are adding Bitcoin to their portfolios. The executive also said that he’s looking forward to the advent of spot Bitcoin ETFs to unlock Bitcoin exposure to a part of the investment community that has not yet had the chance to invest in BTC. Sonnenshein explained:
Grayscale is one of the frontrunners gunning for spot Bitcoin ETF approval. On Nov. 22, representatives from Grayscale met with the trading and markets division of the United States Securities and Exchange Commission (SEC) to discuss the details of its flagship Bitcoin trust, which the firm wants to convert into an ETF.
