~snip~
In any case, the only thing I wonder is the effect that the approval of an ETF in USA could have on the bitcoin price, otherwise it is ETF after all and that is not the way we want bitcoin to be adopted... so it isn't really something we want to be excited about.
In any case, the only thing I wonder is the effect that the approval of an ETF in USA could have on the bitcoin price, otherwise it is ETF after all and that is not the way we want bitcoin to be adopted... so it isn't really something we want to be excited about.
If we look realistically at how an average Bitcoin investor thinks, then we don't need to look for any additional explanation as to why so much dust is being raised around this ETF. The whole thing revolves around the fact that most people are counting on BlackRock and other companies of that type to cause a big bull run, and all that remains after that is to sell BTC and take as much profit as possible.
Of course, these same people are counting on the fact that sooner or later the price will drop significantly again and that they will be able to repeat the whole process again, but the question is whether history will repeat itself with such big players in the game.
What should also not be forgotten is the position expressed by BlackRock regarding possible forks, and this opens up a completely new dimension in terms of how they think about it - which leads to the conclusion that at some point they may even try a fork of their own.
The SEC has spent many years closing the financial floodgates to prevent money from flowing into the cryptocurrency market, and with the opening of the spot ETF, a huge hole is opening. lol.
