Bitcoin Price Expected to Increase This Month, According to Analyst

Vitanza also highlighted an additional occurrence that could bring about positive outcomes for Bitcoin and, consequently, for MicroStrategy. This occurrence pertains to the SEC’s disapproval of a spot Ethereum ETF, an event that has been eagerly anticipated by many individuals within the industry. Vitanza argues that this development holds significance due to the uncertainty surrounding Ethereum’s future until at least 2025, if not longer. Moreover, there exists a substantial amount of capital that is eagerly awaiting the announcement of a digital frontrunner. Should Bitcoin emerge as this victor, the resulting surge in demand could be formidable, especially when considering the previous block reward halving.