Ninjastic
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Board Bitcoin Discussion
Re: Blackrock ETF Discussion
by
panganib999
on 26/10/2023, 21:23:58 UTC
Quote from: goldkingcoiner on Today at 08:00:08 AM
Quote from: pure_happiness_inside on October 25, 2023, 09:03:42 PM
It is very interesting that Blackrock ETF, which was on DTCC's site since August, suddenly caused so much speculation yesterday and then was taken off the site. What do you guys think? Is an ETF coming soon? How come no one took notice of DTCC's site until yesterday?

https://www.coinfeeds.io/daily-trending-news/clarifying-blackrock-bitcoin-etf-speculation

Oh I think that an ETF is coming but perhaps not as soon as we all hope and speculate. The current pump is 100% speculation hype, I would say. 

But that does not mean that that is a bad thing. It just means that people are investing in Bitcoin ahead of the ETF, although nobody really knows when an ETF is coming but they are excited because it is definitely coming now, after there are no more obstacles which would stop it.

But who knows? We have been in for disappointments in the past as often as we have been in for nice surprises.

Either way, time to hodl Cheesy
I would agree. They'd milk the fuck out of this cow first before they sell it off the market for scrap meat. They've been biding their time all this time and it's particularly suspicious that Gary Gensler couldn't talk about what's going to happen to bitcoin ETFs after the prior ones. I don't know just might be the skeptical in me but I just can't picture in my head a world where he doesn't know what's going to happen to bitcoin ETFs from here on out. In any case, I don't really count on this ETF or whatever for bitcoin's price increase, it's a little fickle for me and we needed something more sustainable if we want to have something like the 2020s where everything outright pumped out of control.