Post
Topic
Board Speculation
Re: BTC hovers above $61K amid US regulators against physical product Bitcoin ETF
by
SquallLeonhart
on 21/10/2021, 15:35:08 UTC
The First Bitcoin Futures ETF was trading in the US on Tuesday on the New York Stock Exchange. Trading the Bitcoin Futures ETF is in progress under its codename i.e. bito. Looking at the video released by CNBC yesterday the increase in the price of bitcoin will continue to be high and it is likely that bitcoin will reach $100k in the near future.

source : https://www.cnbcindonesia.com/market/20211019115520-19-284963/etf-bitcoin-futures-pertama-mulai-diperdagangkan-di-as
Yes, that's why the price is going to reach another all time high in the next 24 hours because of this very positive news. So hopefully, this is just the beginning of all those Bitcoin Futures ETF in the horizon. This is long overdue, but now we are raking the fruit of waiting for it for many years.

And it just so happen that we are in the road to $100,000, and this one could be catalyst this month and then Taproot in November. Then December all the FOMO will sets it to push the price to 6 digits.
With over a billion dollars in its first day, I am sure that nobody expected it to be THIS big. I mean sure we were all expecting it to have an impact on bitcoin and the price is now around ATH and doing great and we are happy about it, but that is literally just first day, if it made us earn so much on its first ever day, and also got 1+ billion dollar volume right away, then I am pretty sure it will have even greater return in the future as well. This is one of those things where we get a little bit more bull help, it is not going to be changing everything in a single day, but it is something that we could see as a positive for a long time since it is a bull logic.