We won't see any major improvement within the next 6 months at least. And you can be lucky if the price doesn't go below the $3000 line. Now we will need at least a year to get a decent market. Aaand decent is a subjective word. I don't expect anything so I know I won't have disappointments. Live the Bitcoin life and use it, fuck the value.
Don't be so sure. Bitcoin is so volatile that a single big thing is able to move it by thousands of dollars. If Bakkt and Vaneck ETF were accepted in December we would be at $5000 at the very least. 1000 up or down for Bitcoin is nothing. It could be at 5000 tomorrow, but it could also go to 3000 in 1 day. I expect the situation to get better by March.
The crash has been so big that I doubt any ETF or Bakkt is going to give a positive result honestly, or maybe just for 3 days each.
People are also looing their hope about ETF, it's too late to use it as the argument to revive the market, the impact will be less.
Generally speaking, people are demoralized with crypto, it doesn't make newcomers want to do it. No matter how good is the news.
Bakkt won't help, simply because the average Joe won't use it, it will target the institutional investors with a regulated market. But like the average Joe, institutions won't really be interested to invest in cryptos now. Most will consider it too late.
