Financial experts and theorists say ETFs can have the same if not BIGGER effect on BC price than futures, which can send BTC soaring to 20k and beyond!
Do you guys belief this hype? Will the be the catalyst that sends crypto soaring with institutional money? What are your opinions?
Without timing this speculation is not very useful. Bitcoin is very likely to eventually reach those levels regardless if there will be ETF or not, and if the ETF get approved, it might rise for other reasons. Imagine if ETF will get approved and launched in the next year and the price will reach $40,000 in 2020 - some people would say that it is thanks to ETF, but there will also be the next halvening in 2020, and LN is going to be released soon, so there can be many factors working together. Also, there were similar predictions with futures, and maybe they were the main cause of 20k rally, or maybe they only helped a little, we can't know for sure without proper study.