in 2022 over $10 trillion dollars was invested into ETFs
what effect do you think spot approval will have on #Bitcoin?
Discussion
Overall positive ..
I understand many people don't like funds buying into big chunks of bitcoins but they wont be cuz the price will rise faster than they could buy ... but even if it doesn't the overall effect will be positive .. more awareness ..
One thing alone does not have any effect. It is the multitude of thing together that as an effects.
I think #btc price will double within a year of the second BTC ETF. Grayscale will lead the pack. Price will rise. When other fund managers follow BTC will rocket up.
Just my opinion .
Most of that went to SPY and other ETFs in 401ks.
BTC ETF will have a negligible effect.
Buy signal will be one. Our buying power will increase. Most of us will still hodl on.
I wonder that too. But the most important thing is to get rid of all these would-be attacks on bitcoin. Like #Inscriptions #Drivechains etc.
Clean up the code base and lock it down. Then Bitcoin will soar. You have to understand that all these controversies are mostly about destroying Bitcoin. One way or another.
"Embrace, extend, extinguish". In a word, Drivechains lol..🤔😂🤭😊
Serious liquidity issues. Institutions all trying to gobble up the remaining coins in circulation. I forsee massive upside price volatility.