Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
What if a Bitcoin ETF is being approved within now and six to twelve months? Think the chance of that happening is discounted too much at the moment ($48320). It will happen (one day), and it will be like fiat gushing from a freshly drilled oil well. Better be in bitcoin when that happens, it gets riskier by the day owning fiat!
And, may I add, it needn't be in the USA. Some other markets are much more forward looking. I'm thinking EU (esp. Germany), Switzerland etc. Germany would surely make an EUR denominated product. As for Switzerland, I doubt they'd go for CHF and suspect they'd go for EUR too. Another nail in the coffin of USD supremacy?