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Analyst: The price of BTC has risen 250% since BlackRock submitted its Spot ETF application, but volatility is lower.
According to Jinse Finance, Eric Balchunas, a senior ETF analyst at Bloomberg, responded on the X platform to Blockware Bitcoin analyst Mitchell Askew, stating that since BlackRock submitted its Spot Bitcoin ETF application, the price of Bitcoin has risen by 250%, with lower volatility and no large-scale pullbacks, thereby attracting more investors and giving it a chance to eventually be accepted as currency. Mitchell Askew previously believed that Bitcoin is a completely different asset before and after the ETF launch, and the era of parabolic bull runs and devastating bear markets has ended. Over the next decade, Bitcoin may continue to fluctuate between "pump" and "consolidation" and eventually reach $1 million.