Some people who know a lot about Bitcoin think that it will take a long time for a special kind of investment called an ETF to let people buy Bitcoin easily. They also say that when this happens, the price of one Bitcoin could be very high, maybe even $500,000 per coin. But some people are waiting for the price to go down before they buy it. Read from source...
1. The title is misleading and sensationalized, implying that there will be a sudden surge in BTC price when the ETF is approved, which may not be the case.
2. The article does not provide any concrete evidence or data to support the claim that the ETF approval process will be slow, nor does it address potential reasons for delay or opposition from regulators and other stakeholders.
3. The quote from Cochran is anecdotal and subjective, reflecting his personal opinion and experience rather than a general trend or prediction based on objective analysis.
4. The article mentions Shibarium and Dogecoin as factors influencing the market outlook for 2024, but does not explain how they are related to the ETF or BTC's price performance in that scenario.
5. The article ends with a disclaimer that Benzinga does not provide investment advice, which may imply that some of the information or opinions presented in the article could be misleading or harmful for readers who follow them without proper research and due diligence.