Topic: Experts say BTC ETFs could launch bitcoin to 20k, 40k 60k USD - page 3. (Read 624 times)

Yes I read that CNBC article. At first everybody assumed it was the CBOE ETF rejection and that's what caused the initial sell-off.

This was a proposed rule change which was rejeceted. Honestly I don't think this ETF will ever get approved.

Maybe the CBOE one has a better chance since its geared towards institutional investors, however knowing the way SEC works, it will most likely get delayed or rejected again.

I think if btc ETF approves then more investors are interested to invest in BTC. Hopefully it will just time matters.

read through the decision regarding the Winklevoss rejection today https://www.sec.gov/rules/other/2018/34-83723.pdf

the same applies for any ETF. all applications are toast as far as i can tell. no one can route around these fundamental objections in the near future. i would guess an ETF is many years away, if ever. don't forget the first gold ETF took something like 7 years to get approved and that's a breeze in conception compared to this.

Oh my, that so called experts again. Everyone can really be called experts at this market because its based on speculation. But I'm no expert but I think the Bitcoin ETF can really push the price so any levels because it will somewhat gain more trust and investors are going to be confident about it. So why not wait till the SEC makes their decision next month and see if those predictions will happen? Everyone is really excited, but I'm sure that if the outcome is not on our favor, we will hear a lot of negative sentiments again.

It was actually a very funny comment anyway as this shows more of trying to look at the bright side of things than concentrating so much on the negative part, lol. It is one thing to panic because one is in a loss and it is another thing to consider the thing a lot of people see as an issue as a great opportunity. It will be good if bitcoin goes to $20k to $60k, otherwise there will be another buying opportunities. A lot of people have never seen crash as an opportunity but all they focus their mind on is the fear of what they have lost which is because they never had a good reason or a solid reason for which they invested in the first place than to just get rich quickly.

Back to the topic, Winklevolves brothers had started this etf war and I am personally expecting that to happen so that bitcoin may be launched to moon very soon before we all could imagine. If one company start etf of bitcoins then we may expect many others to join the party which may launch bitcoins into million dollar value levels too. Yes, I am not joking, it is high possible when consider the potential of investors who are all looking for new investment opportunities after gold and silver.

Experts? What kind of experts are you talking about? If this information was brought up to you because so many people in the forum was talking about the ETF event that may pump the price of bitcoin and may cause another bull run, I really think it is not a perfect conclusion for some positive event that may pump bitcoin this is only a speculation of many people in the community because some positive outcome happen to bitcoin because of sudden good news like this, But we can not conclude anything like news like this can really affect bitcoin, It can and it can not, Well if there are so much hype about it then we can see a big impact with the value, that is for sure, But if the hype is not so overwhelm, Then it is not an increase that we are so hype about.

There are also "experts" saying it won't be fantastic as we are hoping to get. I wonder if sometimes people forget to think about the rejection for the ETF, we will maybe see a -20% on the Bitcoin value. I don't know if it's rejected will it boost altcoins? Or will altcoin catch up Bitcoin?
I can say yes or no I have 50% to win but it surely won't make me an expert

I think your predictions are way too optimistic. If the ETF has to be backed by actual Bitcoins, it will obviously
cause the influx of additional money into BTC. However, the influx will be nowhere near the amounts that you claim.
Institutional investors are mostly not even allowed to invest in this asset class for various reasons and
therefore couldn´t invest hundreds of billions of dollars even if they wanted too. Besides, most funds
follow certain strategies and don´t simply allocate funds to risky investments like BTC. E.g. a fund that
is mostly invested in stocks from a certain part of the world isn´t going to invest billions of $ into BTC, because
that isn´t even remotely related to their area of expertise.

I´d rather argue that the next block reward halving in 2020 will be the catalyst for the next bull run and the ETF
will be a non-event even if it does get approved.

First of all we have no idea if an ETF will be approved this year. It seems people in the know are mostly saying there is no chance of this one being accepted. While regulations have been improving since last year, I'm guessing we'll be waiting at least another year for an ETF. When it does happen, I think an ETF could possibly raise the price of Bitcoin by tens of thousands.

I mean we are likely talking about 10s of billions of dollars - not all at once but over some period of time - which would probably increase the market cap by hundreds of billions of dollars. Then of course there is the hype around an ETF when it gets accepted and the FOMO that will result from the raising price that happens as ETFs get picked up more and more by investors. I could definitely see ETFs being the catalyst for the next boom, though I imagine it would take at least half a year of buildup after being accepted for the ETF to actually exist and people to start putting money into it and for it to really start booming the price.

Also you can be sure when an ETF is accepted smart money from Wall St will likely come flooding in to get in before the ETF money. So I think after an ETF is accepted we could see the next Bitcoin boom perhaps 6 to 12 months later, so next summer maybe would be the next bitcoin boom if this ETF is accepted, but I think its likely we'll be waiting for next year to see if an ETF is accepted.

I have been waiting to read who are these financial experts and theorists that they have no other option than to be optimistic about every situation. The same experts that predicted in January that when Wall Street guys receive their bonuses, price of bitcoin would increase. The same people who predicted that the when Chinese holiday is over price will increase and the same set of 'experts' who predicted that because of the trade war happening between the United States and China, the price of bitcoin could reach another all time high. But unfortunately, all of those predictions have ended up being false.

Just like the thread I had commented earlier, whether ETF or not, the price of bitcoin would still rise and fall and the earlier we started to realise that the better for everyone to start banking hopes and false positives.

unfortunately there has been a great number of people online talking about bitcoin price and at the same time claim to be "experts" about it. the worst thing is when some of these newbies gets one guess right, we never hear the end of it.
my suggestion is that you stop listening to self claimed experts. they are just expressing their opinion/guess.

here is my guess: these big prices are always possible, more possible in longer term and less in short such as end of the year. we will see a rise because of ETF both because of its news prior to the  date (hyped up) and its actual event in case it is approved but it won't be the reason for rise to $20k,... that rise requires actual investors coming back and more adoption to take place and that requires longer time it won't happen in 4-5 months.

The social media sentiment right now;

# when is the next bull run.
# will we break $20,000 this year?
# ETF will pump Bitcoin to whatever ridiculous amount.

This tickles my bearish side. If there wasn't an ETF coming up I would gladly open up a short right now.

Why do people speculate about an increase, ETF approval or bull run? Because they bought in already.

Why do people desperately want the price to break $20,000? Because they hold expensive coins they are looking to sell.

In other words, there is barely any buying power to initiate and maintain a bull run. Also, bull runs happen when dumb money isn't expecting it.

I think it could be Because ETF will make Bitcoin more secure and progressive. As a result, its demand will increase from earlier. Investment will increase and prices will increase.

The prices being mooted are close to reality if there was to be a bitcoin ETC approval. I do not think the SEC will approve one though unfortunately so it’s all a bit of fantasy atm.

at least a short-term growth from this I think we can expect. it is even possible to exceed the $ 20,000 mark, because this is a major fundamental event, similar to the legalization of cryptocurrencies

Can you please link the master article here? I would love to read about Bitcoin ETF

They are saying with sense so why not?

So what do you think the market will go after ETF approval? what will be the price of bitcoin and how will it affect the market?

You don't want to invest immediately to bitcoin?

This is correct.

You have a point but everyone knows that if ETF will be approved this will create a positive impact to bitcoin.

Hey I mean if all the ''Experts'' were right earlier then I would already be a millionaire....

Yes, indeed. And we can expect to make a blow up raisement in the end of the year and could take the highest ATH ever in the history.

We should not believe in these experts. Believe in ourselves and stay committed to bitcoin and altcoins. Not just announce an exporter would invest us immediately. We must also have our own research so we can also have concrete knowledge.