⚫Green cited five reasons for the short-term bullish trend:
First of all, Bitcoin ETF approval means that the cryptocurrency has passed the institutional verification process;
The second point is capital inflow;
The third point is accessibility and mobility;
The fourth point is market integration
⚫Nigel Green, CEO of financial consulting firm DeVere, believes that the SEC's approval of 11 Bitcoin spot ETFs on Wednesday will boost crypto prices and that Bitcoin could reach $60,000 by the end of March 2024.