"Experts Forecast Bitcoin to Reach $500,000 with ETF Approval"

Fundstrat's Tom Lee predicts that the price of bitcoin could reach $500,000 in the next five years, driven by a potential demand boom from the approval of spot bitcoin ETFs by the SEC. This could lead to a range of $100,000 to $150,000 in the next 12 months, and up to $500,000 in the next five years, surpassing the current record high. Other analysts also have high expectations for bitcoin's price if spot bitcoin ETFs are approved, with Standard Chartered suggesting a potential rise to $200,000 by the end of 2025.