Today, the cryptocurrency has grown very well due to rumors of ETF approval, but what has changed during this time? - right! anything increase is most likely temporary. Your opinion?
Well a bitcoin ETF mimics the price of the most popular digital currency in the world. So other people says that when the time of its approval the Bitcoin crypto currency community somehow goes up temporarily due to the fact that it allows investors to buy into the ETF without going through the complicated process of trading bitcoin itself. But for me, whether this happened, nothing special because no one can prove that this is the reason for the sudden small rise up of the crypto market. Furthermore, here in the crypto currency community, a sudden ups and downs are not new to have, because the world of the crypto currencies, its crypto market is always have a waves of unexpected happenings.
For sure it is the best currency which is already being accept by all people and by so many new countries, if price rises it is only because of two factors, which is more adoption for low availability and for more holding than selling, so if people stop selling for panic price start rising by itself without any our side support so for bitcoin nothing is impossible.