An open door where millions of dollars can instantly be poured into Bitcoin easily? How can it not boost the price is the question!
BitChick, maybe a bit off-topic, but I'm wondering - about a little over a year ago, you and your husband were pouring your monthly savings all into Bitcoin. Are you still a permabull at this stage, and are you two still pouring every penny leftover each month straight into BTC?
We are definitely permabulls. However, there is not much left over to pour in at this point. We had a bunch of extra expenses this year (braces for one kid, new car for hubby, etc. . . ) It is frustrating to see the price at a good point and not have the liquidity to throw any more cash in. But we haven't really sold any. Just holding, and holding, and holding. I think I am learning a little patience in all of this.
Now if the ETF opens we will move a small amount from a retirement account into it. I think many people will. Sure it is probably going to be considered "high risk" but with "high risk" often comes great reward.