"2024: The Year of Crypto Boom with ETF Approvals and Record High Predictions for Bitcoin and Altcoins"

1 min read
Source: ZyCrypto
"2024: The Year of Crypto Boom with ETF Approvals and Record High Predictions for Bitcoin and Altcoins"
Photo: ZyCrypto
TL;DR Summary

Grayscale CEO Michael Sonnenshein predicts a massive influx of capital, potentially $30 trillion, into cryptocurrencies like Bitcoin, Ether, Solana, XRP, Cardano, and Shiba Inu with the expected approval of spot market Bitcoin ETFs by the SEC. This optimism follows a legal victory where a judge ordered the SEC to reconsider Grayscale's application for a spot Bitcoin ETF, which could significantly lower barriers for investors in the advised market. The approval is seen as a pivotal moment that could lead to increased mainstream investment in the crypto market.

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