Topic: Bitcoin ETF by 2nd quarter of 2021? - page 4. (Read 1158 times)
It would certainly help create the perfect storm for another bubble in late 2021.
Totally forgot about Bitcoin ETF haha. Too many times getting hyped about it only for the SEC to say nope not happening any time soon.
It'll probably happen eventually, and would certainly be very good for Bitcoin's price, but I'm not waiting for it to be some catalyst for appreciation of BTC price. When it happens that'll be cool, but it could very well be several years from now or longer.
When it does happen, cool, until then no reason to think about it. Between the halving, more institutional investment gradually coming in, based on MicroStrategy possibly the start of companies using Bitcoin as reserves instead of cash to offset higher inflation, DeFi starting to get popular and use wrapped Bitcoins for DeFi, and retail investors coming back as the price rises, we're all set on a bull run without any ETF.
It'll probably happen eventually, and would certainly be very good for Bitcoin's price, but I'm not waiting for it to be some catalyst for appreciation of BTC price. When it happens that'll be cool, but it could very well be several years from now or longer.
When it does happen, cool, until then no reason to think about it. Between the halving, more institutional investment gradually coming in, based on MicroStrategy possibly the start of companies using Bitcoin as reserves instead of cash to offset higher inflation, DeFi starting to get popular and use wrapped Bitcoins for DeFi, and retail investors coming back as the price rises, we're all set on a bull run without any ETF.
Also let’s say that it does come out in 2021 will people actually care for it, because I’m pretty sure that like me they too would have grown tired of this drama and may have lost their desire to invest in it.
It's not for Bitcoin drama brats. It's for everyone else out there in the real world who otherwise wouldn't consider BTC. If it pops up through their usual investment channels they're going to be far more compelled to take a look.
I expect by the time an ETF ever did arrive, and it's going to be many years, there'll be multiple workarounds and better alternatives so it'll turn up with a squeak rather than a clap of thunder.
By April of 2021? I was expecting bitcoin ETF by 2018/2019 to stir up market but we are already into bullish mode hence I assume we are slightly to have first bitcoin ETF wrongly timed. Because, I expect bitcoin to be trading around $40,000 levels by April of 2021. This way I will welcome if first ETF will be happening by any time of 2022. Because, the bullish trend of four year cycle of bitcoin will come to end by December 2021 and then we must need another positive news to hold the investors.
Anyway, bitcoin got its own potential to stand on its own legs. These positive things may boost the adoption at some significant levels and we cannot expect anything more than that. So, we need to be prepared to enjoy all bullish things if ETF will be approved at any time
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Anyway, bitcoin got its own potential to stand on its own legs. These positive things may boost the adoption at some significant levels and we cannot expect anything more than that. So, we need to be prepared to enjoy all bullish things if ETF will be approved at any time
. I predict yes, there will be an ETF by 2nd quarter of 2021 with the crypto mom Hester Peirce sworn in as an SEC commisioner yesterday.
I also predict that the first ETF for bitcoin approved will be the Winklevoss ETF.
The Securities and Exchange Commission today announced that Caroline A. Crenshaw and Hester M. Peirce have been sworn into office as SEC commissioners.
Read in full https://www.sec.gov/news/press-release/2020-184
I also predict that the first ETF for bitcoin approved will be the Winklevoss ETF.
The Securities and Exchange Commission today announced that Caroline A. Crenshaw and Hester M. Peirce have been sworn into office as SEC commissioners.
Read in full https://www.sec.gov/news/press-release/2020-184
Do people still talk about ETF with regard to bitcoin? some people have said several time that it got nothing to do with price of bitcoin and it looks to be true, maybe the adoption rate might increase. There was this hype around Bakkt last year but it came at the wrong time, it is more than the acceptance shown by some financial system or Government, when the sentiment is right nothing prevents the pump.
I think that hype has died down already. I mean people grew tired of waiting from it, and then we enter the bearish trend and we totally forget about it. And then we are now in a bull run and there is a renewed interest again.
However, the argument that we don't need it seems to hold though. We have went for like 2 years of bear trend and without any news of this ETF and we survived. Now that we are in a bullish trend, we do actually need it? And that is the big question.
@bbc.reporter I had completely forgotten about this product, and honestly I’m not even excited for it unless SEC makes an announcement stating that they’re officially approving it. Also let’s say that it does come out in 2021 will people actually care for it, because I’m pretty sure that like me they too would have grown tired of this drama and may have lost their desire to invest in it.
Q2 2021? Maybe. By that time the new government (or current one) would also have been properly sworn in, and even if it's still Trump, his administration wasn't exactly fighting to throw out these ETFs.
At least we'll have something to look forward to once Defi hype dies down heh heh.
Many are waiting for this but because of many rejections, the hype dies so this news can give another chance to those who support ETF. At least we'll have something to look forward to once Defi hype dies down heh heh.
The hype on DeFi will die soon, and the cycle will continues so at least we have something to look for next year since we are close to end the year 2020 with a lot of challenges. Let’s see if SEC’s will favor on ETF this time or this is just another hype to pump bitcoin, we’ll find out.
Bitcoin doesn’t need an ETF to succeed further & to be honest I’ve given up hope of one being approved any time soon. Governments are afraid of bitcoin so they’re not going to do anything that’ll help it gain further adoption & credibility. I got my hopes up a lot over the years about various ETF applications & every single one has been put in the bin.
Q2 2021? Maybe. By that time the new government (or current one) would also have been properly sworn in, and even if it's still Trump, his administration wasn't exactly fighting to throw out these ETFs.
At least we'll have something to look forward to once Defi hype dies down heh heh.
At least we'll have something to look forward to once Defi hype dies down heh heh.
Do people still talk about ETF with regard to bitcoin? some people have said several time that it got nothing to do with price of bitcoin and it looks to be true, maybe the adoption rate might increase. There was this hype around Bakkt last year but it came at the wrong time, it is more than the acceptance shown by some financial system or Government, when the sentiment is right nothing prevents the pump.
I think that hype has died down already. I mean people grew tired of waiting from it, and then we enter the bearish trend and we totally forget about it. And then we are now in a bull run and there is a renewed interest again.
However, the argument that we don't need it seems to hold though. We have went for like 2 years of bear trend and without any news of this ETF and we survived. Now that we are in a bullish trend, we do actually need it? And that is the big question.
Do people still talk about ETF with regard to bitcoin? some people have said several time that it got nothing to do with price of bitcoin and it looks to be true, maybe the adoption rate might increase. There was this hype around Bakkt last year but it came at the wrong time, it is more than the acceptance shown by some financial system or Government, when the sentiment is right nothing prevents the pump.
Even though there ETFs based on much, much shakier things than BTC I don't see it happening any time soon. Those shaky things happen on markets under the SEC's full control. The Bitcoin market never will be. Dunno how they'll ever square that circle.
The Jay geezer going is helpful to it, but one or two commissioners agitating for it will still be outvoted by others. Even if those who outvoted them like the vague idea of it, they like the idea of not rocking the boat more.
The Jay geezer going is helpful to it, but one or two commissioners agitating for it will still be outvoted by others. Even if those who outvoted them like the vague idea of it, they like the idea of not rocking the boat more.
You should put a least a poll and see how members think of ETF by 2021. If I'm not mistaken, it's been a hotly debated topics in the community way back and people are still divided but members are in at the majority of would like to see the Winklevoss ETF being approved.
Remember back that it is anticipated in March 2017, pushing the price to four digits. However, their ETF has been rejected many times already. So let's see if those commissioners will give it a go.
Remember back that it is anticipated in March 2017, pushing the price to four digits. However, their ETF has been rejected many times already. So let's see if those commissioners will give it a go.
I predict yes, there will be an ETF by 2nd quarter of 2021 with the crypto mom Hester Peirce sworn in as an SEC commisioner yesterday.
I also predict that the first ETF for bitcoin approved will be the Winklevoss ETF.
The Securities and Exchange Commission today announced that Caroline A. Crenshaw and Hester M. Peirce have been sworn into office as SEC commissioners.
Read in full https://www.sec.gov/news/press-release/2020-184
I also predict that the first ETF for bitcoin approved will be the Winklevoss ETF.
The Securities and Exchange Commission today announced that Caroline A. Crenshaw and Hester M. Peirce have been sworn into office as SEC commissioners.
Read in full https://www.sec.gov/news/press-release/2020-184
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