Everybody is talking about ETFs, but I don't believe that they will be the fuel for the next price rise. As Bitcoin moves further towards being a store of wealth, and merchant adoption increases as secondary services like the lightning network stabilise, they seem more likely to trigger the increase in value. The price of Bitcoin seems to be cyclic, and to add a zero to the price every two years. I think we have missed the chance in the current cycle, but the one due in the summer of next year looks to be on target. Will the current enhancements arrive in time to fuel the next parabolic price increase?
ETF may help increase the confidence of investors towards bitcoin but I doubt that this thing would skyrocket the price because it will only result to volatility. I think that privacy abd merchant adoption will make the price rise and its more stable than when investors come in. We need a community that actually uses bitcoin for their daily lives because right now we are populated with speculators that makes the situation worst.