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!
It is the most logical thing to happen, but... The new SEC Chairman is a complete bafoon (although well informed about the blockchain technology). He is behaving like the previous Chairman with regulation and manipulation whinings. The first ETF they refused was around $900 price. The next $5000, then $10 000,..., $60 000. Let them refuse ETF up to 100K, 300K, etc. Honey badger doesn't give a f..k. But it will be ironic to allow an ETF when all institutions have positions in Bitcoin already and at prices above gold's.