According to online reports, Bloomberg senior ETF analyst Eric Balchunas responded to Blockware Bitcoin analyst Mitchell Askew on platform X, saying that since BlackRock submitted its application documents for spot bitcoin exchange-traded funds, bitcoin prices have increased by 250%., with lower volatility and no large-scale retractions, which in turn attracted more investors and gave it the opportunity to eventually be accepted as a currency. Mitchell Askew previously believed that Bitcoin was two completely different assets before and after the launch of ETFs. The era of parabolic bull markets and devastating bear markets is over. Bitcoin may continue to fluctuate between "rising" and "consolidating" in the next 10 years. Eventually, it reached US$1 million.