Interpreted Prediction
Predicted that Bitcoin ETFs will not be as impactful or a 'wow factor' as people thought after approval.
AI Evaluation Notes
Contrary to the prediction, spot Bitcoin ETFs proved to be highly impactful following their approval in January 2024. Bitcoin's price surged to a new all-time high of over $73,000 in March 2024, largely driven by significant inflows into these new ETF products. This indicates a substantial 'wow factor' and impact.