Just approve them already, Gensler.
@MDBitcoin
ind of crazy to think the Power Play that ETFs have on the #Bitcoin market.
I. Unified Approval of All #Bitcoin Spot ETF Applications:
• Endorsing all #Bitcoin ETF applications simultaneously could ignite a multi-trillion dollar surge in the market.
II. Market Dynamics:
• Under such circumstances, the free market would adeptly identify the winners and those who fall behind.
III. BlackRock's Influence:
• Although BlackRock appears dominant in this arena, I remain optimistic about diverse outcomes.
• When BlackRock entered the scene, Bitcoin's value increased by roughly 20% within a week.
IV. #Bitcoin 's Historical Growth:
• It's easy to overlook that #Bitcoin started with a value of $0 and escalated to a market capitalization exceeding $1 trillion, primarily without significant institutional involvement.
V. If retail investors contributed to the first $1 trillion, what might happen when influential financial entities engage with a limited asset known as the pinnacle of monetary saving technology?
VI. BlackRock's Potential Impact:
• Regardless of personal opinions, BlackRock's Bitcoin Spot ETF is set to revolutionize the Bitcoin ecosystem.
• It's a transformative move that could potentially trigger an immediate rise to 150k for Bitcoin.
VII. Bitcoin's Evolution:
• The asset is poised to evolve in an unprecedented way.
This could bring at least $100B in new demand (conservative estimate).
Then expect:
Institutional FOMO.
Small to middle nations FOMO.
Countries FOMO
Well now we enter in the good place of start to think WHEN the market is gonna start the bullrun?, for me i think we can still see a dump made by the same who are gonna start to flood after the market with new capital descripted above.
I read some people saying the amrket already disccount this so we are not gonna see so much jump in the price in this first stage, and i really dont think so, we only see a stationary market waiting for big news, and this big news (and good ones) are coming so like i said fastent your belts after a one more little dump.
So for me is 25k or below and after that, start of the bull run. And ONE last thing, we cant not see the world reality of right now, take care about of scalating conflicts all around the world, its not a minor factor.
