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OTCbid - Bitcoin To $185,000 if Spot ETF Is Approved: Expert

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" If the United States Securities and Exchange Commission (SEC) ends up approving a spot Bitcoin exchange-traded fund (ETF) anytime in the coming days or weeks, one expert is confident BTC prices will explode more than 6x to $185,000.

As of August 30, BTC is changing hands below $30,000 but remains firm.

 

Bitcoin To $185,000?

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In a recent CNBC interview, Tom Lee, who regularly comments on Bitcoin prices, said a spot ETF will mop up all daily supply of the world’s most valuable cryptocurrency, creating an “imbalance” that will inevitably drive prices higher. Based on this, demand will significantly outstrip supply, driving prices to $185,000 or higher.

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Bitcoin remains the world’s largest cryptocurrency by market cap despite the sharp contraction throughout the past 20 months.

At peaks, BTC surged to over $69,000 only for sentiment to shift in 2022, triggering a sell-off that saw prices declined more than half, bottoming up from below $16,000 in November 2022.

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While prices have since recovered, surging over 50% from November 2022 lows to peaking at over $31,000 in late July 2023, the crypto and Bitcoin communities have their eyes on the SEC.” - Read More

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Source:​ NEWSbtc

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250K+ BTC BUYER IN US

-8% Gross, -5% Net, USDT Erc20, L2L, Escrow, US

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NEW: 250K BTC @ -8% Gross, -5% Net, USDT Erc20, L2L, Escrow, US - Look For Seller

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(Buyer : GBTC CAGE-TELE)

Post: 31.8.23     

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• Buyer is looking for 250K+ BTC @ -8% gross, -5% net

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• Buyer = 5%

• Buyerside = 1.5% 

• Sellerside = 1.5%​​ ​​​​

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• PROCEDURE:​

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• Buyer will make contact with the Seller's Attorney via his attorney in NY

• He will confirm the transaction readiness and then provide Seller's Attorney with Buyer's LOI, CIS and proof of financial capability. 

• (Seller’s CIS/Corporate info would be provide to them subsequently)

• Once the Seller is satisfied with their DD and buyer's  attorney the same, the escrow agreement will be signed along with the accompanying FPA and  commence. 

• Regarding the "procedure", We have to consider Buyer's Only condition first, and he will fully comply  with the seller's working Procedure. 

• He is not interested in any other approach, only a direct engagement  between his attorney and seller's attorney will suffice.

• Do Let me know if you have a seller to accept those terms.

• Let them provide us with their attorney details and our Buyer's attorney will initiate an email directly with the seller's attorney.

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• SELLER MANDATE ONLY

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Interested parties should contact :

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• • OTCbid@gmail.com

  • DM Raymond Chai (on Linkedin)

  • Telegram: +1 (786) 632 8577

  • T.me/otc_bid

  • OTCbid.com