Analyst: Bitcoin Bullish Action Not Limited to Spot ETF Products

Samir Kerbage, Chief Investment Officer of Hashdex, stated, "If a spot Bitcoin ETF is not approved quickly, we believe the investment case for BTC in 2024 remains very strong. More and more investors are starting to realize the benefits of Bitcoin as digital gold or a store of value." Kerbage also pointed out that the next Bitcoin halving is approaching, and if history rhymes again, the price of Bitcoin will react positively to the scheduled supply reduction. He said, "Regardless of when a spot Bitcoin ETF is approved, the outlook for the world's first and largest cryptocurrency has never been so strong."