Analyst: BTC price has increased by 250% since BlackRock submitted spot ETF application, but with lower volatility

According to a report by Golden Finance, Eric Balchunas, a senior ETF analyst at Bloomberg, responded to Blockware Bitcoin analyst Mitchell Askew on X platform by stating that since BlackRock submitted its application for a spot Bitcoin exchange traded fund, the price of Bitcoin has risen by 250%, with lower volatility and no large-scale drawdown, which has attracted more investors and given it the opportunity to eventually be accepted as a currency. Mitchell Askew previously believed that Bitcoin was two completely different assets before and after the launch of ETFs, and the era of parabolic bull markets and devastating bear markets had ended. In the next 10 years, Bitcoin may continue to fluctuate between "rising" and "consolidating" and eventually reach $1 million.