What do you think guys, will bitcoin get to 10k if Bakkt gets approved or perhaps other etfs?
I believe november 5 is the deadline for etf approval, so perhaps until this date we can see a bitcoin price spike to like 7-8k range? What do you think
It's a big if, first of all.
Given the track record of all the ETF rejections that has happened in the past I still remain quite pessimistic about the fact that this particular one is going to be approved in the future. Even if there was a slight chance, there could be postponements that make the decision way later than the suggested date.
Assuming that it does get approved, though, I think that $10k could be possible especially later on in the year because a recovery is near. However, I only think this will be something short term and not going to have any long term effects as more people realise that ETFs honestly don't matter that much to bitcoin users, but only to institutional speculators.