With renewed interest in bitcoin ETFs, we see a growing flow of institutional and retail investors into the cryptocurrency market. Do you think the race to accumulate bitcoin will begin, and what consequences it may have for the price and stability of this cryptocurrency?
This happened a few years back when Bitcoin ETFs were being first talked about and the media was buzzing with this new term. The forum was filled with threads pertaining to ETFs and how we could profit from them and then eventually the buzz died out.
At present this has been quoted to be the reason behind the bullish movement. I consider this as an opportunity to sell and cash out for the time being if you have a mid-term selling goal.
In the long run, bitcoin is better to buy in whole rather than an ETF. The concept was to bring in no-coiners into the risk field by making them buy ETFs over actual bitcoin. Lets see how this works out this time.