Analyst: BTC price has increased by 250% since BlackRock filed a spot ETF application, but volatility is lower
2025-07-27 03:47:57
Bloomberg senior ETF analyst Eric Balchunas posted a response on the X platform. Blockware bitcoin analyst Mitchell Askew said that since BlackRock submitted the application for the spot bitcoin exchange-traded fund, the bitcoin price has risen by 250%, with less volatility and no large-scale pullback, which in turn has attracted more investors and given it a chance 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. The era of parabolic bull market and devastating bear market is over. In the next 10 years, bitcoin may continue to fluctuate between "rise" and "consolidation" and eventually reach $1 million.
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