{"id":88341,"date":"2023-12-16T13:14:29","date_gmt":"2023-12-16T11:14:29","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=88341"},"modified":"2025-09-13T17:26:52","modified_gmt":"2025-09-13T14:26:52","slug":"opinion-bitcoin-etf-approval-could-push-the-asset-to-1-million","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/opinion-bitcoin-etf-approval-could-push-the-asset-to-1-million\/","title":{"rendered":"Opinion: Bitcoin-ETF approval could push the asset to $1 million"},"content":{"rendered":"

The price of Bitcoin could surge to $1 million after the first in the United States spot Bitcoin-ETF<\/a> is approved by the SEC<\/span>.<\/p>\n

This view was expressed in an interview with Cointelegraph<\/a> by JAN3 CEO Samson Mow.<\/p>\n

He believes this will occur within a few days or weeks after the instrument is approved. That surge will be driven by inflows from institutional investors in 2024, the expert added.<\/p>\n

\n\u201cWe will reach a very tight supply of Bitcoin on exchanges available for purchase with new money coming in. That is why the asset could move very high in a short period,\u201d<\/cite><\/p><\/blockquote>\n

Commenting on the unsuccessful bet<\/a> by former Coinbase CTO Balaji Srinivasan on Bitcoin’s rise to $1 million, JAN3 CEO Samson Mow stressed that approval of a Bitcoin ETF would affect the asset’s price more than money printing by the Fed<\/span>.<\/p>\n

\n\u201cPrinting money is like boiling water\u2014very slowly. It will take years for it to penetrate the economy,\u201d<\/cite><\/p><\/blockquote>\n

Earlier in October, former BitMEX CEO Arthur Hayes forecast Bitcoin reaching $1 million by 2026<\/a>.<\/p>\n

Digital gold will break through the $100,000 level<\/a> ahead of the upcoming April 2024 halving<\/a>, says industry veteran and Blockstream CEO Adam Back.<\/p>\n

CryptoQuant projected<\/a> Bitcoin to reach $50,000 at the start of next year.<\/p>\n","protected":false},"excerpt":{"rendered":"

The price of Bitcoin could surge to $1 million after the U.S. Securities and Exchange Commission approves the first spot Bitcoin-ETF in the United States. This view was expressed by Samson Mow, CEO of JAN3.<\/p>\n","protected":false},"author":1,"featured_media":88342,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1146,1138],"class_list":["post-88341","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-cryptocurrency-market-forecasts","tag-opinions"],"aioseo_notices":[],"amp_enabled":true,"views":"15","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/88341","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=88341"}],"version-history":[{"count":1,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/88341\/revisions"}],"predecessor-version":[{"id":88343,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/88341\/revisions\/88343"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/88342"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=88341"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=88341"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=88341"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}