Hi everyone,
I have read that the 11th March is the deadline for the SEC ( Security and Exchange Commission ) to approve... or not Bitcoin in ETF ( Exchange Trade Fund ). What does that exactly mean for Bitcoin? Will there be a boom in prices if it is approved? Will there be a drop if it is rejected? Or nothing?
Thanks for your opinions. I am looking forward to invest many bitcoins but i would actually see whenever it has the best price before a next boom.
if you want to invest in bitcoin, the only thing tha you need to know about bitcoin is that its price is rising and it is going to rise because there will always be an increasing amount of demand for bitcoin and the supply is not rising with the same rate and it has a cap.
the ETF you are talking about will cause this demand to rise at a higher rate which means a faster price rise for bitcoin specially in short term.