3. SEC approval of a Bitcoin ETF
Absolutely! At a minimum this would open a new door to big investment dollars seeking participation in the next big market. And getting the endorsement from the SEC would be a huge boost to hodler morale and confidence.
I think that is the big thing that we should be waiting for the approval this year.
SEC gives their comment after every rejection so most likely the next application will be improve and they add things that are necessary to get approved.
Don't forget that ETF only works as a "betting" system as far as I know, which means those billions or trillions of dollars won't be coming directly into bitcoin and buy it, it will be more like "I bet 10 dollars bitcoin will go up" instead of "I want to buy 10 dollars worth of bitcoin".
I could be wrong but thats what I read on this forum and if thats the case even tough it would create a huge hype and people would be really happy about it and even price would go up because of all those things, it actually wouldn't have a sudden reason to keep it high and get billions of dollars into it making it skyrocket to some place.
Don't get me wrong it is a great thing for all of us and I would be thrilled about it, I just want to get this misunderstanding of billions of dollars put into bitcoin thing.