Topic: Will ETFs pump BTC to $100k soon? - page 5. (Read 890 times)

Its been years now but every time the news about ETF being approved resurface the price goes up a bit but after a few hours or after a day, price will go differ, its like someone is just bringing it up , to get some money, too bad for the people who bought on the short pump and for sure, they will sell it afterwards,

That's it ... and I'm talking about the same. Why would the price suddenly go up so immediately after the adoption of these contracts? I agree that all this is only derivative and not popular. I fully understand the desire of companies to enter this area legally, but this does not give any guarantee of increasing value.

Well, yes ... there was a precedent when the SEC won a lawsuit. What of it? This is just an isolated case. This state body is not as simple as it might seem and almost always achieves its goals. People there are not idiots and will still take their toll.

If you think price manipulation can be short-term, then can you explain it to me? Why do many people think that bitcoin cannot fall any further and that it will increase as the halving approaches? The closer to halving, the more demand will increase, and from there the price will increase, but until now, nothing has changed and bitcoin is even decreasing. That's not manipulation, so what is it?

In the long term, the ETF will indeed be positive for bitcoin but in the short term, the news is only relevant as an excuse to pump and dump the market whether you like it or not. Not only do the sharks like it, but many short-term investors like it too. Manipulation is inevitable in a market as small as bitcoin or crypto.

If the etf is approved I think we might hit $40k or maybe $50K and that’s it. We won’t get $100K. The entire economy is basically about to collapse and this isn’t the time for bitcoin to go to these crazy numbers like in 2021.

Most likely when it’s approved it will rally and when it’s finally listed and live it will be the peak and it’ll reverse just like the BTC futures and then the coin ipo listing.

I don't think the economic situation globally would affect bitcoin price greatly. We have witnessed it in the midst of the covid lock down where everyone was panic buying withdrawing all their funds from the banks to secure cash as it is the most convenient and most accessible way to purchase essentials during that time.
We all have been expecting a significant drop in bitcoin's price, but it actually didn't happen.
I guess a lot of people have already learned how to secure their funds when high inflations and economic crisis peaks.

This is what I think today. If it were to pass today, it would not drive the price to $100,000 in the next few months. You have to think that it is going to add volatility to the price, and that just as it could make it go up faster it could also make it go down faster. But I think the initial reaction of the price will undoubtedly be upwards.

However, as the next cycle is likely to see the price in itself pass $100,000, the approval of the spot ETF at or shortly before this time may act as a catalyst, as you say.

The bitcoin market has never really moved based on supply and demand, it is manipulated by many different forces.  that's why we often see sudden movements in bitcoin without any explanation.  The ETF will indeed have a significant impact on bitcoin but you are right, the important thing is that the sharks still dictate the movement of bitcoin.  but I think we don't need to wait for greater popularity or ETFs for bitcoin to reach $100k, we are slowly exiting the bear season and the halving is approaching.  increasing the price of bitcoin and creating a new ATH is inevitable.

There are still a number of ETFs awaiting SEC approval in October but the question is will they continue to delay or will they accept? Because as we all know the SEC has delayed many ETFs until March next year and that means it will coincide with the halving. I don't believe any proposals will pass the SEC this year, I don't believe the recent prediction that 75% will have an ETF this year. But I believe the impact of the ETF on bitcoin, it will be a big push for the price and popularity of bitcoin.

What I see as the main benefit from the (eventual) ETFs approval is that many people will see bitcoin with a different eye: for many big investors bitcoin is still some kind of Ponzi scheme and/or scam but after the SEC gives green light and very important funds will start promoting bitcoin (and other cryptos) it will be difficult to keep thinking that is a scam. This is for me the best thing about these ETFs, besides a possible price increase, of course.

It seems to me that the market is being manipulated by big players (mainly investment companies and whales) for their own interest. Not even the announcement of an ETF launch had a positive effect over BTC's market prices. The aforementioned entities may be keeping prices low before the BTC halving takes effect. After that, market prices will "pump" like crazy. I'm very confident BTC will reach $100k soon, especially when there's huge interest in it.

One thing for sure is that a lot of the big players have been accumulating BTC like there's no tomorrow. High demand and low supply will keep prices high for a very long time (hopefully). No one can predict the future, so lets hope for the best. Just my thoughts

When you say manipulators having to decide on doing an instant pump on the coin or not, it presents a feel that, these guys actually set the bitcoin price in a way. I get it that manipulation of prices does happen but, it’s usually within a very short period of time and possibly they get to make some money from it but, it’s not on every bitcoin exchanger out there.

Still, ETF isn’t exactly bitcoin but, just an offering.
The news here is in the winning against the government. That’s what every bitcoin enthusiast wants to hear and it in turns passes a message to the yet to be or anticipating investors that it’s not ultimately what the government might have presented it as.

We could expect some positive reactions from this news but, I really wouldn’t want to view it in the direction of pump and dump. Bitcoin is one currency that has a fair growth and decline rate to its phase.

People start behaving very irrationally when they read about all these companies that manage trillions of dollars and are interested in Bitcoin, as if that means that all of their clients will suddenly go crazy for Bitcoin and start buying shares in these funds, just because such the possibility exists. We have such ETFs all over the world and generally there is very little interest in such investments, but apparently the US market is the only one on which most people expect to behave in the complete opposite way.

There should be no doubt that the news of the first approved BTC ETF in the US will resonate in the media space, because we saw the effect of the news that the court ruled in favor of Grayscale recently. Therefore, I think that the news will be sold very successfully, but the real question is how much the clients of these companies will actually be interested in such an ETF, and how will these same companies buy BTC on the market, given that it is an ETF that will have to buy BTC and store it in custodial wallets in order to be able to sell shares in the fund.

If these companies do these transactions via OTC, it is possible that the effect on the price will not be as strong as some think, and considering that BlackRock has signed a contract with Coinbase regarding the custody service - we already know from the past that the same company performed the purchase service for MicroStrategy via OTC.

I don't expect bitcoin for $100.000 before the halving. Most likely it will happen later than this event, as it happened in previous cycles.

Even if bitcoin ETF could push bitcoin's price to $100.000, it would only be a short-lived event. After which there would inevitably be a strong decline. All the same, I would like to see the price of bitcoin to $100.000 a little more stable. To keep the plus or minus at this level, as it is happening now in the range of $25-30.000.

It seems to me that the hype around bitcoin ETF is overrated and it will not have a strong impact in the long run, but it will make a small contribution to the popularity of bitcoin, which, in general, is already good.

I would also like to be optimistic, but considering the economic conditions in the world, I do not think the Bitcoin price can reach this high. If the conditions in the economy change, then there is a chance to reach the prices you mentioned.

We all want the price of Bitcoin to increase, but this increase needs to be based on logical reasons. We cannot think of Bitcoin independently of the world economy, so the price of Bitcoin will not increase unless the country's economies recover. Even if the price increases, it will not be permanent. Halving will have an effect on increasing the price, but the course of the world economy at that time will also significantly affect the price.

Winning that lawsuit does not mean SEC will approve a Bitcoin Spot ETF from Grayscale. People expect more from BlackRock which has very good successful rate from their previous ETF applications, only fail 1 / 600 applications.

Breaking a current all time high and making a new one before a Bitcoin halving, is unprecedented. I don't think it will happen because I believe in history and also believe that a first Bitcoin Spot ETF approval in the USA will happen in a bull run, after the halving.

My thinking is like above but I won't be shocked if what you ask will happen before the halving. We already witnessed a first time, Bitcoin dropped deeper than its previous all time high, during this 2021 to 2023 bear market. In previous cycles, it did not fall below its all time high of one previous cycle.

There's a little and more likely possibilities that bitcoin can surge if their application got approved by SEC, but should we consider thus as a major push on the bitcoin network markets, i don't think the major reason why we should experience a bull is on this because if you can recall on the previous days, something like this source out and suddenly pump the market to #27,000 before it gradually comes down to $25,600 where we are today, something far bigger and more anticipated for is in bitcoin market demand and supply as we are getting closer to halving.

While I do think that its just a matter of time, I don't think that it will happen soon as I have a feeling that SEC will try to delay it as much as possible, probably into 2024 (unless by "soon" you meant any time before halvening).


Nope, I do not see that happening. While I do expect some sort of price increase in case it happens before halvening, 300% pump just because of that and before halvening imho ain't gonna happen. Then again, I've been historically very wrong when it comes to bitcoin price predicion (usully underestimating) so let's hope I am wrong yet again.  

The bitcoin spot ETF are for the people who want to own bitcoin but do not want to own bitcoin.  That is bitcoin spot ETFs gives them lower risks than investing directly in bitcoin. The is room for a increase in percentage of bitcoin price due to it. Aside the halving which many people are already talking about and getting set, there are other factors in addition to the ETFs that will take bitcoin to $100k soon.

Even without the approval we can expect good rise in the price of bitcoin during the days of halving. The bitcoin spot ETF approval will be an added element to the rise in the price of bitcoin. On approval of bitcoin spot ETF good number of investors/traders who hadn't tried cryptocurrency will have their participation. This will surely have a huge inflow causing demand and the reflection can be experienced on the price. So, approval of bitcoin spot ETF will surely have positive impact on the price increase. To what extent the rise happens is unpredictable.

I might be wrong, but I think they won a lawsuit, which means that the judge agrees that the SEC failed to justify why Bitcoin futures are okay, but ETF isn't. Winning the lawsuit doesn't grant a permission to launch an ETF without the SEC's approval, and I don't think a big company like that will risk it. They still need an approval, just like BlackRock, but the SEC is now in trouble and needs to either up its argumentation or start approving ETF applications. I don't know which option they'll choose, but until the first SEC approval is granted, I don't think there will be Bitcoin ETFs in the US or impact on Bitcoin's price. If the SEC finally budges, I think it's reasonable to assume that it might be enough to trigger a bull market, and a $100k price at the next bull market sounds very reasonable as well.