I'm not expecting ETF's effect to be that very big. What I'm expecting is the news that it builds that shall create the positive effect to the market.
What is a better take is not just look at the highest or all time highs of bitcoin in the history. But also to look at the all time lows, this is a very encouraging and optimistic part of history that shall make you believe that there's more and better price that will come in the future.
Bitcoin price is now quite good, because if every year it reaches ATH that is the problem, if there is a sharp decline in bitcoin, it will be considered a Bubble, of course I hope the Bitcoin Spot ETF can be approved by the SEC and it will have a good impact on the price future Bitcoin.
It's true that ETF approval has had a huge impact on the increase and support for bitcoin prices to bounce back.
As was the case in 2021 when the US Capital Markets Regulator (SEC) would allow American bitcoin futures ETFs to open up new avenues for investors to gain exposure to emerging assets.
We hope that the ETF will quickly get good support from the SEC so that it quickly gets approval from the SEC.
There's so much more than the ETF when we're talking about Bitcoin's price pump.
One of the main thing is the mass adoption. I remember Bitcoin ETF approval doesn't have that massive impact.
As I've said there's more than just the ETF.
However, this year might not gonna be as good as the 2021 run, but there will always be a chance for another run especially that more and more government are recognizing Bitcoin.