During 2019 to 2020, only a handful of people in the forum would post confidently that their expectations for Bitcoin would be to reach six digits. Many of the other users, although maybe they believed or hoped that it could happen, would never let everyone know what they were thinking probably because they didn't want to sound and look stupid.
Let's go further, in mid-2017 the price was around $1000-1500 and who would have thought the bitcoin would pass 20K in the next few months, so that is how an investment works and that is why few people become rich and most of others end up living an average life. Now we have an opportunity to become one among the few with bitcoin and still the choice is ours.
Before someone invests in a project, they would have been a very reasonable conviction for them to invest into that project. And this is the mindset of the big investors who have being in the market for a very long time. Bitcoin many years ago, let’s say back to the year 2017 was still very low in price as compared to what it is now. If Bitcoin can move up to $63K in 2021 and is not retracing back there now, is enough prove to say this is a worthy investment. Bitcoin has experienced halving three times and is now set for another halving this year. After every halving, the market experiences bull run which use to mark a new all time high for bitcoin. If this has happened on three different occasions and still following the same path, I don’t think there is any investment convincing enough to invest in than bitcoin in this century we are in now.
Bitcoin has gotten more adoption since the last bull run and some influential men in the world have also accepted Bitcoin because they have seen the potential of Bitcoin, and what they will achieve if they accept Bitcoin. If the ETF is approved this January, it will be another exciting news that will trigger the price of Bitcoin in an upward trend and increase the demand for Bitcoin. We should keep on accumulating our bitcoin with the DCA strategy at any price till we achieve the quantity of bitcoin we want to accumulate. Remember it is better to save in bitcoin than to save in fiat. Bitcoin will do unimaginable things come this bull run.
Bitcoin spot ETF whether approved or not approved should not scatter your plans for accumulation. If you’ve been doing DCA for long, stick to it and don’t allow the news of the bitcoin ETF disrupt the plan. We can see how the news of the bitcoin ETF affected the price of bitcoin when it was falsely rumoured that it has been approved in the past. You should know that the bitcoin ETF is just another big player manipulation in the market and when its time passes, the market will still continue moving on its right path. Nothing should disrupt the plan of your accumulation, once you’re on the right track, of course you’ll achieve what you want in the long run.