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Anthony Pompliano, a prominent Bitcoin (BTC) advocate, believes that two pivotal events could reshape the cryptocurrency landscape, resembling the 2020 bull market surge. In a recent CNBC interview, Pompliano stated that regulators are likely to approve a linked to the ’s spot market. This green light, he suggests, could ignite a significant , especially if it aligns with the next BTC event in April 2024. Pompliano noted that while -based ETFs already exist, the timing of a spot Bitcoin ETF’s approval is crucial. He also emphasized an often-overlooked aspect: the ETF approval could trigger a demand surge, with a substantial influx of assets into the industry. Moreover, as the ETF approval coincides with the BTC halving event, it may coincide with a supply shock, potentially leading to a 2020-like price surge. The BTC halving, which reduces miners’ rewards by half, is scheduled for April 2024. Pompliano expects institutional investors, including sovereign wealth funds and large institutions, to take a keen interest in Bitcoin once a Bitcoin ETF becomes available. He stated,
Read more: coinspress
