The SEC's recent approval of options trading for BlackRock’s Bitcoin ETF is a significant milestone, enhancing institutional adoption of Bitcoin. This endorsement is expected to drive more investments and potentially push Bitcoin’s price to $100,000 by 2024.
Market analysts believe this approval will bring more stability and legitimacy to the cryptocurrency market. Furthermore, it could pave the way for similar approvals in the future, fostering a favorable environment for Bitcoin's growth.
