Once ETF Application Approved, Bitcoin Price Rise to 6 Figures Not a Dream?

Veteran cryptocurrency trader Scott Melker said in a media interview that once the Bitcoin ETF is approved, a massive influx of money will come into the space and a spike in the price of Bitcoin to six figures is not a dream.

"An ETF approval would be the biggest single event in Bitcoin history because it gives confidence to the massive amount of money coming into the space, such as from large institutions like pension funds, charitable funds and sovereign wealth funds. When the ETF is approved, these institutions will come in." Scott Melker said, "This will be a catalyst for institutional acceptance of bitcoin, and the approval of the ETF shows that bitcoin is an asset that can be trusted and has been risk assessed and vetted by the SEC."