Post
Topic
Board Bitcoin Discussion
Re: Bitcoin have behaved like a fine wine 🍷
by
Orpichukwu
on 02/01/2024, 20:41:46 UTC
it. DCA strategy is
The Bitcoin market has never experienced the level of institutional Investment that the Spot Bitcoin ETF will attract. And this event might coincide with the halving which might make the market keep pumping. The market now seems unpredictable and it is possible not to experience any significant drop in price until we enter the bull run proper.
It is true that there are more institutional investors who are to come into bitcoin through bitcoin ETF, which is going to bring a higher price to bitcoin. There is no doubt about that, but we still don't need to give too much hype to what might happen, as we also need to think about it the other way around.
 
Because of the hype of bitcoin halving and the ETF approval, which brings the price upward, there could also be some possibility that after the halving or after the ETF has been approved, the price might drop much more than we can imagine, as those who bought and some of the institutional investors could take advantage of the hype and sell massively during the pump, which can cause a market drop. It could happen, and it will take time before the price will correct back to normal.