$150,000 per Bitcoin would be justified for an ETF
Fundstrat’s co-founder Tom Lee believes that the price of Bitcoin should surpass $150,000 for an exchange-traded fund for the cryptocurrency to work. He also praised the role of the Securities and Exchange Commission and their efforts to regulate cryptocurrencies. He also added that "institutions aren't going to touch crypto" until the SEC endorses products like ETFs and other funds.
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