Quote from: Majestic-milf on December 22, 2023, 08:26:37 PM

You have a point on this. It will be absurd to wait for an approval before purchasing your Bitcoin, because then you won't be able to maximize enough profits, what with you buying when price was high and all that. For me, Bitcoin is a volatile coin, and although there are factors that can cause it's price to shoot up, it's not really safe to depend on ETF approval alone because that way it would seem as if without an approval, we won't see an upward surge.

Over this year, Bitcoin has shown excellent growth, largely due to the news about the approval of the ETF, everything happened only on expectations, I did not see any positive things other than that. Therefore, it is logical for me that such a mood in the market will be supported only by those who already own Bitcoin, those who will benefit from this growth. Do not believe that Back Rock and other players will buy Bitcoin only after the spot ETF is approved.