Ninjastic
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Board Speculation
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
by
Odohu
on 12/08/2023, 12:42:26 UTC
Quote from: Torque on Today at 11:34:56 AM
Quote from: Torque on August 08, 2023, 07:50:27 PM
Quote from: Out of mind on August 08, 2023, 05:53:02 PM
According to "contacts" from inside BlackRock and Invesco spot Bitcoin ETF approval a matter of "when, not if" likely in "four to six months - Galaxy CEO Mike Novogratz on earnings call this morning.
Source


My thoughts are that the SEC will play the same BS game with the Spot ETFs that they played with the first round of derivative ETFs:

1. The first or two spot ETFs will get shot down for some BS reason. Complete head fake in the price, as per usual.  Roll Eyes

2. Then the first of the spot ETFs will get approved in December of this year, and/or as we round the corner into the first of next year.

3. All of them will get approval before the halving (Gee, what a shocker.  Shocked Roll Eyes )

4. Bitcoin price will start to take off pre-halving.

5. The derivatives market may flash crash in 2024. Some completely bullshit, "The-sky-is-falling-and-Bitcoin-is-the-hedge-play" narrative will get spun up in the MSM to support all this. As per usual.  Roll Eyes

Bullshit step 1 complete:

https://www.cnbc.com/2023/08/11/sec-delays-decision-on-bitcoin-etf-from-cathie-woods-ark-invest.html

Solid fundamental filled with so much optimism. I expect bullish market but I never thought it would be this fascinating? If this happens as planned, that could maybe point us to the people controlling the market. I will save this link and monitor it to the later.