Will ETFs pump BTC to $100k soon? - page 6.

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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?

I guess so, we can just take a look back on 2021 where many institutions have jumped to the bandwagon of Bitcoin and that's likely to repeat. And for the long term effect of it is like we're going to have a new all time low. Yes, new lower price which seems to be higher than the bottom that we've seen.

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?

I hope so. It was like the prediction on 2021 but it didn't happened way back then. So, with another push and some reasons and force to push the price of Bitcoin higher and that's going to be likely that we'll see Bitcoin once again reaches another ATH and for the first time of hitting a 6 digits price.

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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.

Depends on the timing of the approval though, if this happens in after the block halving or at least we are in the bull run cycle, possible that this could be the biggest catalyst for a prediction of 6 digits in the next bull run resulting in a new all time high.

We for now we can't say for certain though, it's really one of the biggest news in the next coming years as we all know that BlackRock has the reputation to back their application up. So everything rest on the hands of SEC.

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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.

Provably it will happen but to make the chance more higher it should be backed up with halving since by this two events happened for sure we can see bitcoin reached for $100k+ or even more. For now let see the updates regarding on the news they created since what they do is somehow good development for bitcoin since this can generate demands for people always seek for good news.

Positive news now starting to come so maybe accumulation stage is slowly starting.

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If there is a good possibility that Bitcoin will reach 100k without a Bitcoin ETF, then we will definitely get there faster with a Bitcoin ETF, but in any case, there is a good chance that we will reach that price. I don't like to be overly optimistic, but there are no indications that there will be a Bitcoin ETF soon. All discussions are speculation.

BitcoinETF topic Discussion Bitcoin Spot ETFs

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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.

Grayscale won the case to convert their Grayscale BTC trust into a spot ETF, but the decision to approve any proposal of a BTC etf still rests with the sec. The sec have missed the first deadline on the applications in the waiting list, and we now have to wait for the second deadline and possibly down to the final deadline which is sometime in 2024, but with recent events there is a higher degree of optimism that a BTC spot etf would be approved in the U.S. next year. This is a full list of BTC spot etf applications and their deadlines: https://beincrypto.com/full-list-spot-bitcoin-etf-applications-deadlines/

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"?

Yes it will; but i thought not your keys, not your coins Tongue

. By the way, there have been too many topics about BTC spot etf's lately, it may be better if most of the discussions are held in this thread created by OmegaStarScream: https://bitcointalksearch.org/topic/m.62789444

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I think they will approve Blackrock’s one first or at very worst at the same time as others. I do not think there is any chance that they approve others before Blackrock. I think that once we have a spot ETF, finally it is a path into bitcoin for institutional investors, we have been missing this so far. The price will pump hard on the news & coupled with the halving we should see a massive cycle top at some stage of 2025.

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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.

Bitcoin price depends on demand and supply, and if Bitcoin ETF is approved,this is indeed a big news for bitcoin because many people will adopt bitcoin,which will bring a significant in the price of bitcoin. There are some people who can't buy bitcoin presently due to some reasons, they will be free to buy then and also many will people who are scared of buying bitcoin due to the inefficiency of keeping their coins safe will be encouraged to buy too. It will be a big blow for bitcoin price because the higher the demand,the lower the supply. If it is launched before the halving, I expect to see bitcoin price above 100k+.

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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.

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.

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There are bitcoin ETFs in Europe and Canada, and they are not very popular. Many experts say that the spot Bitcoin ETF will be accepted in the US, but the prices in the market are recouping these events earlier.
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.

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

Grayscale is about to launch a Bitcoin ETF soon.

The grayscale bitcoin trust is in form of bitcoin ETF but it is not Bitcoin spot ETF.

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

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.

With bitcoin spot ETF people in the stock market will be able to buy bitcoin. Bitcoin price is expected to go up. But I am more thinking about bitcoin halving which would be enough to cause FOMO and bull run that can take bitcoin to $100000.

With bitcoin ETF, I am expecting $170000.

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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.

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