Bitcoin ETF Approval to Push BTC to $1M in Days to Weeks – Crypto Shiba Inu Prediction

Bitcoin ETF Approval Could Send BTC to $1 Million

Jan3 CEO Samson Mow believes that the price of Bitcoin (BTC) could reach $1 million in the “days to weeks” following the approval of a spot BTC exchange-traded fund (ETF). He believes that the inflow of institutional capital that is expected following a potential spot ETF approval will cause a “torrent of money” that will hit the “very limited supply” of Bitcoin on the exchanges.

“This is why you can go really high all at one time,” Mow said. He also noted that the impact of a spot Bitcoin ETF approval on prices will play out much faster than central bank money printing, echoing a similar $1 million-per-Bitcoin prediction by entrepreneur Balaji Srinivasan.

Crypto enthusiasts have been discussing the potential for a Bitcoin ETF on crypto-focused Telegram channels, YouTube channels, and other social media platforms, with some predicting that the price of Bitcoin could reach the moon if a spot BTC ETF is approved.

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“Money printing is like boiling the water very slowly,” he explained.“It takes years for that to permeate the economy.”

Crypto Shiba Inu prediction expert, Mow, believes that the post-ETF approval rally of Bitcoin to $1 million will be much quicker than the 2017 rally.

“The run up in 2017 was nine months to 20x,” he recalled. “Given that we’re going to have billions and billions pouring in all at once on ETF approvals, I think it’s going to be a much shorter time frame,” Mow said.

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To learn more about the rationale behind Mows’ crypto Shiba Inu prediction, fight out the full interview on the Cointelegraph YouTube channel and don’t forget to subscribe for crypto alerts! Harmony One crypto today is a great way to launder money and make full send crypto money.