Bitcoin Price Prediction: As BTC's Market Cap Surpasses Warren Buffett's Berkshire Hathaway, This Spot Bitcoin ETF Coin Looks Set To Explode

Bitcoin Price Prediction: As BTC’s Market Cap Surpasses Warren Buffett’s Berkshire Hathaway, This Spot Bitcoin ETF Coin Looks Set To Explode

ByEvans Karanja

Updated: 04 December 2023

Disclosure

Don’t invest unless prepared to lose all the money you invest. This is a high-risk investment, you shouldn’t expect to be protected if something goes wrong.

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The Bitcoin price has soared 4% in the last 24 hours to trade at $41,354 at 10:50 a.m. EST.

The surge in price is likely driven by bullish sentiment around the expectation that spot Bitcoin ETFs will be approved next month.

The market cap of Bitcoin has now surpassed $810 billion, exceeding Warren Buffett’s Berkshire Hathaway’s market cap of $779 billion, as calculated based on its class A stock (BRK-A).

Bitcoin's market cap is now higher than Berkshire Hathaway's market cap.

— Pomp 🌪 (@APompliano) December 4, 2023

Bitcoin Price Aims For March 2022 High Of $48,500

Bitcoin Price Chart Analysis. Source: Tradingview.com — BTCUSD Chart Analysis. Source: Tradingview.com

The Bitcoin price has broken the upper boundary of the ascending triangle pattern. Currently, the trading price is above the 50-day and 200-day simple moving averages (SMAs), confirming the bullish momentum and establishing short-term support.

The Relative Strength Index (RSI) trades at 75, following a rebound at the 50 neutral level.

Bitcoin Price: Bulls Aim for $48,500

Bullish investors may set their sights on reaching a potential high of $48,500 – the March 2022 peak – in the weeks ahead.

If bears leverage this upward momentum, they could exert downward pressure on the price, leading to a potential retracement toward the $38,500 support level. This aligns with the lower boundary of the ascending triangle.

Bitcoin investors are also getting into the Bitcoin ETF token. Holding the Bitcoin EFT Token can be a great alternative with Bitcoin’s value shooting up.

Bitcoin ETF Token Secures $2.4 Million, Riding On Bitcoin’s Success

As Bitcoin prices soar and we eagerly await approval for the spot Bitcoin ETF, the Bitcoin ETF Token, an ERC-20 token designed to reward its holders based on Bitcoin’s success, is gaining significant attention within the crypto community.

🚀 Embracing the future of #Crypto with #BTCETF!

As an ERC-20 token on #Ethereum, #BitcoinETF anticipates the imminent #Bitcoin ETFs.

Positioned to leverage their approval, this visionary project offers a gateway to the evolving crypto world. 💡 pic.twitter.com/eiMUbIfXeD

— BTCETF_Token (@BTCETF_Token) November 23, 2023

In the 7th stage of its presale, the Bitcoin ETF Token has already secured more than $2.4 million in funding and is swiftly approaching a $2.87 million milestone.

#Bitcoin soared to $41,448, boosted by #ETF hopes and a $70 million liquidation from short traders.

With #SEC meetings boosting optimism, $BTC now ranks among the top 10 global assets by market cap, trailing just behind #Meta.

Which #Altcoin gains caught your eye the most… pic.twitter.com/Iz8bpAI1vQ

— BTCETF_Token (@BTCETF_Token) December 4, 2023

Currently, BTCETF tokens are available at a discounted rate of $0.0062. However, this rate is set to increase in just under two days. To take advantage of the discount, secure your BTCETF tokens now.

Stake Bitcoin ETF, Earn 103% APY

Apart from buying and holding your BTCETF tokens, holders can earn a lot through the platform’s staking feature. Buying and staking BTCETF tokens secures an impressive annual percentage yield (APY) of 103%, significantly surpassing industry averages ranging from 5–10%.

This attractive staking feature has drawn the attention of numerous investors seeking passive income while anticipating the token’s potential surge upon the approval of the spot Bitcoin ETF.

Experts are talking about the project, too. Cilinix Crypto just made a video exploring the token’s possibilities. In the video, he explains how this project’s widespread hype and FOMO could propel its price to new heights.

To buy BTCETF, visit the Bitcoin ETF official site, connect your digital wallet, and then purchase the tokens by swapping with your existing crypto or using your bank card.