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 application for a Spot Bitcoin exchange-traded fund, the price of Bitcoin has risen by 250%, with lower volatility and no large-scale retracement, subsequently 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 launch of the ETF, and the era of parabolic bull runs and destructive Bear Markets has ended. In the next decade, Bitcoin may continue to fluctuate between "pump" and "consolidation," ultimately reaching $1 million.

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