"2024 Forecast: Major Financial Titans Predict Surge in Crypto Adoption and ETF Expansion"

1 min read
Source: Forbes
"2024 Forecast: Major Financial Titans Predict Surge in Crypto Adoption and ETF Expansion"
Photo: Forbes
TL;DR Summary

Goldman Sachs has entered the race for a bitcoin spot ETF, joining other financial giants in anticipation of the U.S. SEC's decision, which could come in early 2024. This move, part of the so-called "Cointucky Derby," is expected to significantly boost liquidity in the crypto market by attracting institutional investors. The potential approval of a bitcoin ETF is seen as a catalyst for a new price surge in bitcoin and other major cryptocurrencies like ethereum, XRP, and solana, especially with the upcoming bitcoin halving event.

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