Bitcoin remains the top choice among investors on Wall Street, reaffirming its status as the most favored digital currency. Michael Saylor’s earlier prediction, which contradicted expectations that the Securities and Exchange Commission (SEC) would reject the spot Ethereum ETF, proved to be inaccurate, as the commission, led by Gary Gensler, granted approval for these products in May. Although the actual trading of these products has yet to commence, the approval of S-1 registrations for the relevant applicants can provide the necessary support for Bitcoin. While Ethereum is expected to derive the most benefits from this development, the price of Bitcoin is also poised to sustain its upward trajectory in the upcoming weeks.
