If China goes legal ETF on bitcoin, then 100k by the end of this year is possibility let alone next year. I mean I am talking about China here, are we aware how much money is there? If they do ETF then we are going to get at least another USA worth of it, and when last time USA added ETF to the market, that meant we broke over our ATH, and we aren't that far away from it neither, around 70k these days. So that means, if we add one more of that right now, we are going to get to 100k, that would be amazing.
I don't know if it's a real news though, whenever something comes out of China, I take it with a bit of grain of salt, because it really doesn't feel like it would be reality all that easily, it feels like it would be a little like a curveball and because of that I always wait until it happens before I jump to conclusions.
Plus, I am already buying as much as I can afford, which isn't a lot, but there isn't really anything I can do more about it anyway, even if this China ETF news is true, and even if I am provided with proof, it is all I can do and nothing more so it is not going to be all that complicated for me anyway, I am not going to be able to do something different about it.
Is there a link that you can source this one? I was surprised to hear China interested on a Bitcoin ETF as we all know that in 2018 they have made a U-Turn and doesn't like
BTC at all. So I will be cautious with this kind of news and as you have said, we should take everything with a bag of salt any news coming from China regarding Bitcoin.
Good for you and I think that is the mindset of most of us, yeah, maybe we are thinking of 6 digits in 2025. And so we still have a lot of time to accumulate and buy, just like what happen when the price hits $52k in the last week or so. That could be the last great buying opportunity for us before the price suddenly goes on a massive pump before the end of the year.