Will ETFs pump BTC to $100k soon? - page 3.

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Quote from: Inwestour on September 07, 2023, 07:11:34 AM

Quote from: Abiky on September 07, 2023, 06:42:27 AM

Grayscale is about to launch a Bitcoin ETF soon. They've recently won a lawsuit in court against the SEC. Other companies (eg: BlackRock) are considering doing the same. If these large-scale investment companies join the "Bitcoin train", do you think market prices will "pump"? How would this positively affect BTC in the long term? Do you think it's possible the cryptocurrency will reach $100k if ETFs are approved by the US regulatory agency (SEC) before the halving of 2024?

Your input would be greatly appreciated. Thank you.

I assume by cryptocurrency you mean bitcoin?

It is quite possible that this will happen, only I think that all this should happen in 2024 - 2025, I also mean Black Rock, and this will be possible not only due to the approval of the ETF, I assume that at some point, regarding bitcoin, there will be a lot of positive news coming, this will mark the beginning of the bull market and then bitcoin will reach 100k and possibly even exceed this price.

Since the beginning of the year, even without "big" news, bitcoin has been able to rise from 16k to 30k, so if anything significant, like the ETF be able to have an even more significant impact.

We should have set a realistic price prediction in mind. Don't expect the same return from bitcoin this time by observing the historical return of investment. There are lots of extremely wealthy whales in the bitcoin market, and bitcoins rising from 16k to 30k without any positive news shows this market is manipulated by them. ETF is positive news, but there will be other factors as well that will lead to the next bull run.

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Quote from: Abiky on September 07, 2023, 06:42:27 AM

Grayscale is about to launch a Bitcoin ETF soon. They've recently won a lawsuit in court against the SEC. Other companies (eg: BlackRock) are considering doing the same. If these large-scale investment companies join the "Bitcoin train", do you think market prices will "pump"? How would this positively affect BTC in the long term? Do you think it's possible the cryptocurrency will reach $100k if ETFs are approved by the US regulatory agency (SEC) before the halving of 2024?

Your input would be greatly appreciated. Thank you.

When Gold has it's first Spot ETF, it's price shoot up from I think around $400, to as high as $2000. Correct me if I'm wrong with the numbers, but the point is that the price of Bitcoin increased significantly as the ETF has been released.

Will the same happen with Bitcoin? I think it will be. Markets are heavily driven by the sentiments of the investors whether it is the Stock Market, or the crypto market, and many investors sees an acceptance of the first Spot Bitcoin ETF as a positive news, and knowing that it's Grayscale, and currently Blackrock who's applying for it, if both gets accepted, I believe Bitcoin will shoot up like what happened with Gold decades ago.

Price-wise, it will have a positive effect towards Bitcoin. Will it reach 6-digit price if an ETF gets accepted? Yes it will. I believe this is the catalyst that we are waiting in order for the bull run to start a few years from now. An acceptance of a Spot Bitcoin ETF especially from a company like Blackrock will have a domino effect towards other institutions and therefore, it will make it's price even higher. Well, this is what I believe, but it's not 100% sure that it will happen though.

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Quote from: Inwestour on September 07, 2023, 07:11:34 AM

It is quite possible that this will happen, only I think that all this should happen in 2024 - 2025, I also mean Black Rock, and this will be possible not only due to the approval of the ETF, I assume that at some point, regarding bitcoin, there will be a lot of positive news coming, this will mark the beginning of the bull market and then bitcoin will reach 100k and possibly even exceed this price.

If Bitcoin will get to a hundred thousand dollars by 2024 -2025 I don't think ETF would be the reason.
If Bitcoin price spikes up before the next halving then ETF might be the reason but I doubt that. It might take the price higher a little bit not not as high as a new all-time high. A very significant bull run might be all it would do

What I'm looking forward to is the next halving, that's why I believe Bitcoin might get to $100k after the halving. I have my reservations about that though but if I bring overly optimistic that's my prediction.

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If these ETF bring so much hype that it triggers FOMO then it is highly possible to pump BTC to $100k but if it fails even with the demand created by ETF, I do no think it will pump BTC to $100k. I think there is a need of synchronization of all the hype to be able to trigger FOMO. If the activities is from ETFs alone and is not supplemented by other investors and traders then we might only see some kind of Bitcoin price uptrend but won't be enough to bring the Bitcoin price to $100k a piece in the market.

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Quote from: Abiky on September 07, 2023, 06:42:27 AM

Grayscale is about to launch a Bitcoin ETF soon. They've recently won a lawsuit in court against the SEC. Other companies (eg: BlackRock) are considering doing the same. If these large-scale investment companies join the "Bitcoin train", do you think market prices will "pump"? How would this positively affect BTC in the long term? Do you think it's possible the cryptocurrency will reach $100k if ETFs are approved by the US regulatory agency (SEC) before the halving of 2024?

Your input would be greatly appreciated. Thank you.

Yes, I think that ETFs are going to have a massive effect on Bitcoin, since the largest institutional investors are going to have the freedom to finally deal with cryptocurrency (in this case, Bitcoin) without having to worry about the government screwing them with weird regulations. ETFs are a way to invest in crypto while the ETFs themselves are not crypto. This is the upside-down logic that is supposedly, in the mind of the government, going to bring a new method of regulation over Bitcoin. Somehow.

SEC seems to finally understand the unregulatable, decentralized nature of most cryptocurrencies. Which is why they are fighting back so hard. They know that ETFs are just a backdoor towards supporting the legal legitimacy of Bitcoin as an investment.

The old generation that is not yet invested in Bitcoin, due to being stubborn in their old investment types, will be investing soon.

Banks are investing in large amounts of copium right now.

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Quote from: Woodie on September 18, 2023, 01:58:05 AM

Quote from: Abiky on September 07, 2023, 06:42:27 AM

If these large-scale investment companies join the "Bitcoin train", do you think market prices will "pump"?

Of course they will and knowing very well most of these companies like to copy what the competition is doing this will give bitcoin more exposure and demand!

Quote from: Abiky on September 07, 2023, 06:42:27 AM

How would this positively affect BTC in the long term?

The fact that we have people who are worried about having good security measures that comes with owning bitcoin, with a Bitcoin ETF this removes that kind of risk and crypto enthusiasts will be more willing to invest in crypto without a problem as a third party will be responsible for all that.

Quote from: Abiky on September 07, 2023, 06:42:27 AM

Do you think it's possible the cryptocurrency will reach $100k if ETFs are approved by the US regulatory agency (SEC) before the halving of 2024?

Your input would be greatly appreciated. Thank you.

Without any of these ETFs and all, we did manage to push price up to $70k which still stands as current ATH...now imagine having to get an approved ETF in the US, this will be massive and if done before the halving then we shall break the $100k easily...

In conclusion, bitcoin will gain interest from many people because of course those financial companies will trade their bitcoin ETFs to many media, and clearly they advertise to open media that is wider in scope, and as we see the effect today, many other financial management One by one, bitcoin ETF products are proposed for trading on their exchanges, theoretically and potentially this will increase market demand for spot bitcoin.

And from this effect we will also find many people adopting Bitcoin as their alternative asset to gain profits in the 4 year period, and this will also encourage positivity in the cryptocurrency industry in the future.

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Quote from: Abiky on September 07, 2023, 06:42:27 AM

If these large-scale investment companies join the "Bitcoin train", do you think market prices will "pump"?

Of course they will and knowing very well most of these companies like to copy what the competition is doing this will give bitcoin more exposure and demand!

Quote from: Abiky on September 07, 2023, 06:42:27 AM

How would this positively affect BTC in the long term?

The fact that we have people who are worried about having good security measures that comes with owning bitcoin, with a Bitcoin ETF this removes that kind of risk and crypto enthusiasts will be more willing to invest in crypto without a problem as a third party will be responsible for all that.

Quote from: Abiky on September 07, 2023, 06:42:27 AM

Do you think it's possible the cryptocurrency will reach $100k if ETFs are approved by the US regulatory agency (SEC) before the halving of 2024?

Your input would be greatly appreciated. Thank you.

Without any of these ETFs and all, we did manage to push price up to $70k which still stands as current ATH...now imagine having to get an approved ETF in the US, this will be massive and if done before the halving then we shall break the $100k easily...

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Quote from: Abiky on September 14, 2023, 07:01:37 AM

Quote from: Minor Miner on September 12, 2023, 10:10:55 PM

Looking at the total market capitalization of more than 1 trillion USD, while the assets that FTX holds are only a few billion USD. Honestly, even if they sold them all at once it wouldn't cause any serious problems but it seems like someone is taking advantage of this news to manipulate market sentiment quite well. Panic is prevailing even though there has not been any official announcement about the sale of FTX's assets.

Personally, I really appreciate ETFs, it will cause bitcoin prices to skyrocket because demand will also increase thanks to ETFs. But that's also what I'm concerned about, ETFs won't be approved anytime soon because the government doesn't want people to use bitcoin and give up their bonds or fiat.

Couldn't agree more with you, mate. The market is being heavily-manipulated as we speak. Not only big investment companies are doing it, but also governments themselves (especially the US with the SEC). They want BTC to crash real hard to buy lots of coins at a discount. It's likely these entities are waiting for the BTC halving to occur, before "pumping" market prices all the way to the moon. If you're smart, you'd follow their footsteps by buying as much "cheap" BTC as possible. Sooner or later, Bitcoin will reach a price of $100k per coin. Even higher, if demand continues to soar at an unprecedented rate.

I think the real trigger for a bullish market will be the swift recovery of the global economy. Central banks like "The FED" and the "ECB" need to stop raising interest rates for everything to get back to normal. At least, a new normal since the Russia-Ukraine war and the COVID-19 pandemic are still an on-going crisis. Who knows what the future holds for Bitcoin? Just my opinion

Well, it sort of makes sense for them to do something like this. This doesn't mean that we are going to do fine, it just means that we are going to end up being a little different in the end. This is why I believe that we need to reach to a point where it could change something in the end, and when it does that, it's going to be a good amount of changes in the end and should result with a different type of situation.

I believe that we are going to end up with a deal where it could be a bit more different, and I believe that we could end up with a deal where it could change things for the long term to reach 100k as well. Manipulation can't stop that, no matter what they do, we are going to get there without a doubt.

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Quote from: Abiky on September 07, 2023, 06:42:27 AM

Grayscale is about to launch a Bitcoin ETF soon. They've recently won a lawsuit in court against the SEC. Other companies (eg: BlackRock) are considering doing the same. If these large-scale investment companies join the "Bitcoin train", do you think market prices will "pump"? How would this positively affect BTC in the long term? Do you think it's possible the cryptocurrency will reach $100k if ETFs are approved by the US regulatory agency (SEC) before the halving of 2024?

Your input would be greatly appreciated. Thank you.

This will speed up the process to be honest. If these companies win, then definitely they will create lot of many opportunities in the Bitcoin ecosystem and it will hence lead to large scale promotion of Bitcoins. Now more people will be interested to join the Bitcoin community, and hence they will start buying the coins. This will increase the demand to acquire the coins. And as we know Bitcoins are limited in numbers, hence to balance the demand the price will go up. So yes it will indirectly help Bitcoins price go up.

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Soon is a four letter word, it should be classed as a swear word its misused so often. Soon could be the other side 2025 I suppose, we dont know would be most accurate to say.
That leaves us with speculation and those events we do know, obviously halvening next year. So my basic take would still despite hopes and dreams our trajectory and momentum in BTC price action is such that 2025 is a far more likely a landing spot for genuine transformative price gains in BTC and we dont know that occurs at all yet, maybe.

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Quote from: Jating on September 16, 2023, 05:09:23 AM

Quote from: Abiky on September 14, 2023, 07:01:37 AM

Quote from: Minor Miner on September 12, 2023, 10:10:55 PM

Looking at the total market capitalization of more than 1 trillion USD, while the assets that FTX holds are only a few billion USD. Honestly, even if they sold them all at once it wouldn't cause any serious problems but it seems like someone is taking advantage of this news to manipulate market sentiment quite well. Panic is prevailing even though there has not been any official announcement about the sale of FTX's assets.

Personally, I really appreciate ETFs, it will cause bitcoin prices to skyrocket because demand will also increase thanks to ETFs. But that's also what I'm concerned about, ETFs won't be approved anytime soon because the government doesn't want people to use bitcoin and give up their bonds or fiat.

Couldn't agree more with you, mate. The market is being heavily-manipulated as we speak. Not only big investment companies are doing it, but also governments themselves (especially the US with the SEC). They want BTC to crash real hard to buy lots of coins at a discount. It's likely these entities are waiting for the BTC halving to occur, before "pumping" market prices all the way to the moon. If you're smart, you'd follow their footsteps by buying as much "cheap" BTC as possible. Sooner or later, Bitcoin will reach a price of $100k per coin. Even higher, if demand continues to soar at an unprecedented rate.

I think the real trigger for a bullish market will be the swift recovery of the global economy. Central banks like "The FED" and the "ECB" need to stop raising interest rates for everything to get back to normal. At least, a new normal since the Russia-Ukraine war and the COVID-19 pandemic are still an on-going crisis. Who knows what the future holds for Bitcoin? Just my opinion

Well there is a new player https://cointelegraph.com/news/crypto-biz-paypal-rolls-out-crypto-ramps-franklin-templeton-joins-btc-etf-race-and-more

So yeah, most likely there will be a reach as who will get the approval for a BTC Spot ETF and this could trigger the next bull run. I do agree about the interest rate and what is the US government is doing. Nevertheless, I do not think they have a huge impact in the next bull run.

Remember that we even have Covid-19 pandemic in 2021 and yet we did see new all time high. So most likely, it will be the race for a BTC Spot ETF that will likely be the catalyst for 2024-2025 run.

During the Covid pandemic, not only the cryptocurrency market but other financial markets also witnessed impressive gains and that happened because the government continuously printed money to save the economy.

You are wrong to underestimate the role of the government and the Fed in this financial game, they are the biggest influencers whether we accept it as truth or not. If the economy doesn't recover and interest rates don't fall, don't expect a bull season. Like what's happening now, when the economy is tough and people don't have money to invest, don't expect to trigger any bull markets. A bull market occurs when there is money flowing into the market, how do we have new money flowing in when the economy is in difficulty?

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Quote from: Abiky on September 14, 2023, 07:01:37 AM

Quote from: Minor Miner on September 12, 2023, 10:10:55 PM

Looking at the total market capitalization of more than 1 trillion USD, while the assets that FTX holds are only a few billion USD. Honestly, even if they sold them all at once it wouldn't cause any serious problems but it seems like someone is taking advantage of this news to manipulate market sentiment quite well. Panic is prevailing even though there has not been any official announcement about the sale of FTX's assets.

Personally, I really appreciate ETFs, it will cause bitcoin prices to skyrocket because demand will also increase thanks to ETFs. But that's also what I'm concerned about, ETFs won't be approved anytime soon because the government doesn't want people to use bitcoin and give up their bonds or fiat.

Couldn't agree more with you, mate. The market is being heavily-manipulated as we speak. Not only big investment companies are doing it, but also governments themselves (especially the US with the SEC). They want BTC to crash real hard to buy lots of coins at a discount. It's likely these entities are waiting for the BTC halving to occur, before "pumping" market prices all the way to the moon. If you're smart, you'd follow their footsteps by buying as much "cheap" BTC as possible. Sooner or later, Bitcoin will reach a price of $100k per coin. Even higher, if demand continues to soar at an unprecedented rate.

I think the real trigger for a bullish market will be the swift recovery of the global economy. Central banks like "The FED" and the "ECB" need to stop raising interest rates for everything to get back to normal. At least, a new normal since the Russia-Ukraine war and the COVID-19 pandemic are still an on-going crisis. Who knows what the future holds for Bitcoin? Just my opinion

Well there is a new player https://cointelegraph.com/news/crypto-biz-paypal-rolls-out-crypto-ramps-franklin-templeton-joins-btc-etf-race-and-more

So yeah, most likely there will be a reach as who will get the approval for a BTC Spot ETF and this could trigger the next bull run. I do agree about the interest rate and what is the US government is doing. Nevertheless, I do not think they have a huge impact in the next bull run.

Remember that we even have Covid-19 pandemic in 2021 and yet we did see new all time high. So most likely, it will be the race for a BTC Spot ETF that will likely be the catalyst for 2024-2025 run.

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Quote from: Minor Miner on September 12, 2023, 10:10:55 PM

Looking at the total market capitalization of more than 1 trillion USD, while the assets that FTX holds are only a few billion USD. Honestly, even if they sold them all at once it wouldn't cause any serious problems but it seems like someone is taking advantage of this news to manipulate market sentiment quite well. Panic is prevailing even though there has not been any official announcement about the sale of FTX's assets.

Personally, I really appreciate ETFs, it will cause bitcoin prices to skyrocket because demand will also increase thanks to ETFs. But that's also what I'm concerned about, ETFs won't be approved anytime soon because the government doesn't want people to use bitcoin and give up their bonds or fiat.

Couldn't agree more with you, mate. The market is being heavily-manipulated as we speak. Not only big investment companies are doing it, but also governments themselves (especially the US with the SEC). They want BTC to crash real hard to buy lots of coins at a discount. It's likely these entities are waiting for the BTC halving to occur, before "pumping" market prices all the way to the moon. If you're smart, you'd follow their footsteps by buying as much "cheap" BTC as possible. Sooner or later, Bitcoin will reach a price of $100k per coin. Even higher, if demand continues to soar at an unprecedented rate.

I think the real trigger for a bullish market will be the swift recovery of the global economy. Central banks like "The FED" and the "ECB" need to stop raising interest rates for everything to get back to normal. At least, a new normal since the Russia-Ukraine war and the COVID-19 pandemic are still an on-going crisis. Who knows what the future holds for Bitcoin? Just my opinion

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Quote from: YUriy1991 on September 13, 2023, 12:06:52 AM

Quote from: Abiky on September 12, 2023, 07:33:09 PM

If FTX dumps its crypto holdings, you can bet the market will crash real hard. It'll be a great opportunity for anyone to "buy the dip" before prices go back up again. I have a feeling the negative effects will be short-lived, especially when many institutional investment companies are buying BTC like crazy (BlackRock, MicroStrategy, etc). $100k may just be the tip of the iceberg as the best is yet to come.

I think that once a spot Bitcoin ETF is approved in the US, the bull market will begin. The halving of 2024 could also have a positive effect over BTC's price, but without the ETF, there won't be enough momentum for the cryptocurrency to reach a new ATH. Who knows if buying BTC at current prices will make you rich soon? Just my thoughts Grin

That's right, this issue (FTX) has more or less affected the market and apart from that, the hacking issue has occurred again at BursaCoinEx. So, for future BTC price predictions, where the public is still waiting for the ETF application deadline, which is only 35 days away, I think the future of Bitcoin is very different from the others. Bitcoin futures are ideal for those who have invested large amounts of Bitcoin. yes. While it may seem attractive to trade Bitcoin futures, there are several aspects that a trader needs to keep in mind.

Bitcoin price dropped before the FTX news appeared so I don't think that was the cause. Furthermore, the CoinEx exchange being hacked is too small to have an impact on the market. I agree with what zasad@ said, there are people who don't want the market to rise soon, not the news that is making the market unable to rise. Manipulation is going on in the market so even positive news cannot help bitcoin recover. Someone wants us to sell our bitcoins to them at a low price.

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When grayscale won, Bitcoin had a short-term pump this time. Then, the value fell again until today. And about the $100k that each Bitcoin will be worth, I think I have to believe that because the other speculations of the experts are, from what I've seen, really valid and there is a basis regarding their analysis about what can happen in the future in terms of Bitcoin's market value. And besides that, everything can happen, but it depends on the situation.

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Since the Grayscale ETF application have been in the news for a while now, I expect the approval to cause significant appreciation in price.

Quote from: zasad@ on September 07, 2023, 06:54:00 AM

Bitcoin has a chance to cost even $ 100,000, but manipulators will not do it instantly, and on pumps and dumps they will take a lot of money from hamsters.

This is exactly what is going on, the manipulators doing their thing but in the end Bitcoin will most likely hit the $100k region. With halving happening next year, one would have expected some kinds of positive response in price but what we are seeing is prolonged consolidation followed by decline in price... a clear case of market manipulation to wear out weak hands.
The beauty of a forum like ours is the knowledge it provide so that those who follow up will be prepared for a time like this to take advantage of the manipulation while waiting for the anticipated bullrun.

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Quote from: Abiky on September 12, 2023, 07:33:09 PM

If FTX dumps its crypto holdings, you can bet the market will crash real hard. It'll be a great opportunity for anyone to "buy the dip" before prices go back up again. I have a feeling the negative effects will be short-lived, especially when many institutional investment companies are buying BTC like crazy (BlackRock, MicroStrategy, etc). $100k may just be the tip of the iceberg as the best is yet to come.

I think that once a spot Bitcoin ETF is approved in the US, the bull market will begin. The halving of 2024 could also have a positive effect over BTC's price, but without the ETF, there won't be enough momentum for the cryptocurrency to reach a new ATH. Who knows if buying BTC at current prices will make you rich soon? Just my thoughts Grin

That's right, this issue (FTX) has more or less affected the market and apart from that, the hacking issue has occurred again at BursaCoinEx. So, for future BTC price predictions, where the public is still waiting for the ETF application deadline, which is only 35 days away, I think the future of Bitcoin is very different from the others. Bitcoin futures are ideal for those who have invested large amounts of Bitcoin. yes. While it may seem attractive to trade Bitcoin futures, there are several aspects that a trader needs to keep in mind.

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The bitcoin ETF seems to be getting a lot of attention, I'm not sure if this is the main reason to stimulate growth in bitcoin or not, but it's clear that interest from big names in finance is growing shows interest in bitcoin. Personally, I see that the current trend will soon exit, as we are getting closer and closer to important milestones with bitcoin, and I and many people quite expect that by 2024 we will witnessed a strong price increase with btc.

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Quote from: Ale88 on September 12, 2023, 10:17:54 PM

Quote from: BALIK on September 11, 2023, 09:14:26 PM

Quote from: SquirrelJulietGarden on September 11, 2023, 08:52:10 PM

Quote

I'd suggest you keep buying and "hodling" BTC no matter what. Who knows what surprises we'll find in the future? Just my thoughts Grin

Holding Bitcoin for two or three more halvings is perfect, not only a next year halving. Bitcoin looks to have smaller growth in latest halvings but I really expect to see good net growth after two or three halvings.

Holding bitcoin for 2 to 3 halving times, is it a wise idea? I mean what guarantees that bitcoin will continue to increase in the next halvings? History has proven it, but there is no guarantee that history will always repeat itself and be so easily predictable. Bitcoin has become a financial market, and it is becoming more and more predictable? I dont think so. Instead, why don't we sell during the next bull season and if the market drops again, we can buy it back at a cheaper price and that also ensures a profit for us?

Of course there are no guarantees that the price will keep going up but at the same time why should it go down? With the next 2-3 halvings the miners will get way less bitcoins, that means less new bitcoins on the market, hence less opportunities to buy. And let's not forget inflation, I think it'll just get worse and worse, and many people will try to get their share of bitcoin.

We will never know whether bitcoin will decrease or increase in the future, so I think it is never wrong to take profits and I also think that holding bitcoin forever is not a good idea. Inflation is increasing and to be able to deal with it, we need to have an income higher than the inflation rate, holding some assets and not using them cannot help us avoid inflation. To me, bitcoins are only useful if we use them and can help us in life, not if we hold them forever and don't use them.

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Quote from: BALIK on September 11, 2023, 09:14:26 PM

Quote from: SquirrelJulietGarden on September 11, 2023, 08:52:10 PM

Quote

I'd suggest you keep buying and "hodling" BTC no matter what. Who knows what surprises we'll find in the future? Just my thoughts Grin

Holding Bitcoin for two or three more halvings is perfect, not only a next year halving. Bitcoin looks to have smaller growth in latest halvings but I really expect to see good net growth after two or three halvings.

Holding bitcoin for 2 to 3 halving times, is it a wise idea? I mean what guarantees that bitcoin will continue to increase in the next halvings? History has proven it, but there is no guarantee that history will always repeat itself and be so easily predictable. Bitcoin has become a financial market, and it is becoming more and more predictable? I dont think so. Instead, why don't we sell during the next bull season and if the market drops again, we can buy it back at a cheaper price and that also ensures a profit for us?

Of course there are no guarantees that the price will keep going up but at the same time why should it go down? With the next 2-3 halvings the miners will get way less bitcoins, that means less new bitcoins on the market, hence less opportunities to buy. And let's not forget inflation, I think it'll just get worse and worse, and many people will try to get their share of bitcoin.

Topic: Will ETFs pump BTC to $100k soon? - page 3. (Read 886 times)